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platinum_growth

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

Short
S&P 500 Index (OANDA:SPX500USD)  
platinum_growth  
OANDA:SPX500USD   S&P 500 Index
Chart Patterns US SPX 500 S&P 500 (SPX500) IVV IHVV VOO SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY)
4
0
chartpattern spx500usd spx500 ivv ihvv voo spx spy
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

thepatternsite.com/risewedge.html
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