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Trading Myth vs Reality: Rising Wedge



❌ Myth
"A rising wedge is a bullish signal; buy immediately once the pattern completes."

✅ Reality
Proper rising wedge trading requires confirmation:
1.A clear break below the lower line (2 confirmed closes)
2.Volume increase on the break
3.A pullback that doesn't break above the lower line

💡 How to trade correctly:
· Wait for the pullback after the break
· Set stop-loss above the upper line
· If price breaks above upper line, volume must confirm or it's a false breakout
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The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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GateUser-7e992bdavip
· 6h ago
Buy to earn 💎
Reply0
ShiFangXiCai7268vip
· 7h ago
💡 How to Trade Correctly:
· Wait for a pullback after the breakout
· Set the stop loss above the upper band
· If the price breaks above the upper band, the Trading Volume must confirm, otherwise it is a false breakouts.
Reply0
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