Then I entered a short position at 0.66440 USD and placed the stop loss above the breakout candle at 0.66540 USD. When the price broke the support line, I waited for the breakout candle to close below the trend line. Look at my short position on the AUDUSD chat on the 5-minute time frame. If there were artificial intelligence here, it would say that I have checked thousands of methods, and this one is the best method. The take profit equals the distance between the highest bottom and the highest top. For example, I place the stop loss above the breakout candle to get a higher risk-to-reward ratio. But you can modify it with your strategy. In this pattern, the stop loss is above the last top. After the break of the support trend line, you should wait until the breakout candle closes below the support trend line at that point, you can enter a short position. You can confirm the validity of the breakout by using the candlestick patterns. When the price breaks the support trend line, it gives a signal to enter the market. Trading on the Ascending Broadening Wedge patternĪfter forming the third top, the pattern completes and is ready to take profit. It’s about tens of thousands of dollars annually. In this situation, you will not lose in fact, you can make a considerable profit with the market makers. So, the sellers won, but the trend was bullish how is that possible? We have made a tunnel under the big banks and are aware of their intentions. Which one wins? Market makers have reached their goal because they sell all they have to the buyers at the highest price, and after that, the market goes down. But I don’t want you to lose I want to help you in this situation.ĭuring the formation of the pattern, market volume increases by forming each wave in a battle between buyers and sellers. Then they sell you everything they have, and the price falls. The big boys make an uptrend with high momentum so that you place a long position on the chart. They fall into a trap set by the market makers. One of the reasons for novice traders to buy at this zone is the formation of higher tops and higher bottoms. In this area, the price gets confused, and traders start buying. After all, they need a customer for their stock or currency. They buy where we sell, and they sell where we buy. Recently, it has become clear to traders that big organizations or market makers hunt our stop losses. The number of tops and bottoms can be more than this, but 5 pivots are the minimum necessary to complete the pattern.Īn Ascending Broadening Wedge is more attractive for two-sided markets because we can open a short position on it, but in one-sided markets such as stocks, it can signal a trend reversal. The pattern is complete when the price reaches the support trend line after the third top. In simple words, we need three tops and two bottoms to form an Ascending Broadening Wedge pattern. To complete this pattern, we need at least five pivots. This situation does not apply to bottoms, which experience slightly higher prices on a gentle slope. But the slope of the resistance trend line is higher, so the tops rise faster. In this process, the price makes higher tops and higher bottoms. Both of these trend lines have a positive slope, but the slope of the resistance trend line is higher. The price is contained between two trendlines. The Ascending Broadening Wedge is a reversal pattern that forms at the end of upward trends. A broadening wedge is one of the most reliable classic reversal patterns.īy this pattern, you can earn good profits from the market. I can’t promise you will beat the Joker, but I’m sure you can be rich as Batman. You, too, can succeed financially if you give it your all. This pattern is responsible for about 20% of my overall cryptocurrency market earnings. I love using this pattern because when other traders are confused, I can make remarkable profits, which is a strong point in my analysis.Īnd you can join me in remarkable profits. Just learn what I tell you and introduce them to your trader friends. It is rare in the market, but you can easily recognize it when you see it. When the market is confused, this pattern can help.Ī Broadening Wedge usually forms at the end of uptrends and downtrends. You must be with Batman and the good forces in the battle between good and evil to take your profit from the market. The light appears and helps traders when the market is confused and does not know which direction to go. When the city of Gotham was in trouble, only one light was enough to calm the city and come to the aid of people that was Batman. Welcome to one of the essential classic patterns.
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