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randallbachir
Nov 2, 2019 2:10 AM

Wedge Pattern on ETF Short

NASDAQ 100 IndexNASDAQ

Description

In the following graph we can appreciate an ascendant wedge pattern that has not yet broken the support line. According to the pattern, which is a reversal pattern we can set a bearish position on the size of the base as shown with the green arrows. Note that the price should break the support line of the triangle before setting the position just to be sure of it and reduce risk.
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