@DDIMM, thats my thought as well. Ive been watching the wedge continue to grow. The rising wedge could turn into a c/h formation.
cgavel
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@DDIMM, thanks for that response. Is it also possible, that break out of trend to upside or consolidate sideways? Or what is the most likely outcome based on the highest percentage resolution to a rising wedge? Thanks
Adamkm
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@cgavel, Normally rising wedges fall downwards out of the wedge to a lower price. If you're doing stop loss, you can keep moving the stop loss up under the wedge. Careful it doesn't trigger to early with odd candle wicks otherwise you'll kick yourself, just keep a nice moving stop loss going up the trend line. This minute its on $80, so a nice stop loss would be between $77 and $78. For me, $77.7 would be good.
cgavel
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@Adamkm, ok, good information for my mental notebook. Thank You, good Trading :)
DDIMM
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@cgavel, as soon as i know, rising wedge is always bearish. But it's a probabilities game, you know.