Wedge Pattern

This is an important pattern to master.  When this and accomodating indicators line up, there is a high probability chance of a breakout.  If you can find this pattern in the market when the underlying stock is a solid company then you will have a high success rate when your entries are disciplined and you exercise patience.

Here are some examples:

PBR

This is an example of a falling wedge pattern.  Typically these breakout at the halfway mark of the wedge pattern as indicated by the grey dotted price-level.

JPM

Here is another wedge pattern with a breakout from the 200 ema.

S

The two previous charts show how the wedge pattern plays out.  Sprint was an entry I made on Monday and will be in my portfolio until the pattern plays out to completion.  Will track Sprint as it breaks out.

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