S&P500 daily- Rising Wedge with near certain breakout.
Updated
60% of Rising Wedges end with a downward breakout. However, downward breakouts are some of the worst performing chart patterns, with an unacceptably high failure rate, small post breakout declines, and pullbacks occurring 72% of the times.
Thomas Bulkowski- Encyclopaedia of Chart patterns.
thepatternsite.com/risewedge.html...
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