platinum_growth
Short

S&P500 daily- Caught up in a Rising Wedge with a overbought RSI

OANDA:SPX500USD   S&P 500 Index
60% of Rising Wedges end with a downward breakout. However, downward breakouts are some of the worst performing chart patterns, with an unacceptably high failure rate, small post breakout declines, and pullbacks occurring 72% of the times.
Thomas Bulkowski

http://thepatternsite.com/risewedge.html...

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