so wedges are different than pendants and asymmetrical triangles, and symmetrical triangles...
Some dipshit on CNBC was calling Wedge... and he was talking about an asymmetrical triangle..
funny stuff.
A wedge is what is formed from the end of wave 3 to the end of 5.... and you draw a wedge based on those points..... and it shows a reversal pattern.....
This is a Rising Wedge.... Flattening top triangle... steep bottom pattern
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Friday, February 22, 2008
Wedge formations
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