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ASX200 daily- Rising Wedge+failed to break 38.2% Fib retracem

Short
S&P/ASX 200 Index (ASX:XJO)  
platinum_growth  
ASX:XJO   S&P/ASX 200 Index
Chart Patterns asx200 S&P/ASX 200 ASX australian IOZ VAS A200 STW XKO
5
0
chartpattern asx200 xjo asx australian ioz vas a200 stw xko
ASX200 daily- Rising Wedge + Failed to break 38.2% Fib retracement.

According to Thomas Bulkowski "Rising Wedges, especially for downward breakouts, are some of the worst performing chart patterns. Downward breakouts have an unacceptably high failure rate and small post breakout declines. Also, throwbacks and pullbacks occur 72% of the time."

Breakout for Rising Wedges: Can be in either direction, 60% of the time downwards.

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