Audollar
AUD/USD daily- Rising Wdge. Rising Wedges, especially for downward breakouts, are some of the worst performing chart patterns. Downward breakouts have an unacceptable high failure rate and small post breakout declines. They also have a 72% probability of pullbacks.
Rising Wedges breakout direction: 60% probability downwards.
thepatternsite.com
From Thomas Bulkowski- encyclopaedia of chart patterns. Link above.
AUD/USD daily- Ascending triangle Ascending triangle: Despite its reputation as a reliable chart pattern, it is a mediocre performer.
Upward breakout is 63% of the time and 62% of the way into the triangle on average.
From Thomas Bulkowski research. Further details in the link below:
thepatternsite.com
Two red arrows shows two past death crosses (50-day MA moving below 200-day MA). Still in bearish zone.