Descending Wedge.

The ‘Descending Wedge’ is one of my preferred technical patterns as I have found these to be very useful for helping to identify reversal moves. Some patterns that I have identified over recent years are illustrated below and I will add to this list as the charts present.

AA: Alcoa: this breakout gave a 94% gain:

 Oct 14th 2013

 

July 2014

AA

 ILU: Iluka Resourcesthis has given a 42% gain:

2016

2017

MU: Micron Technology: this has given a 300% gain:

2016

2017

2018

USD/TRY 4hr: this gave a 12 fold return on Risk:

CONN: Conns: this has given a 180% gain:

2017

2018