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Thursday, November 12, 2009

Ascending Broadening Wedge

Works much like a Bearish rising Wedge...

A rising formation breaks out downward 70% of the

For downward breakouts:
The lowest price in the formation is the minimum price move to expect.

For upward breakouts:
The formation height is added to the breakout

Partial rise:

If a stock shows a partial rise and begins to head back toward
the lower trend line, consider selling short.

More info on Ascending Broadening Wedge http://thepatternsite.com/abw.html

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