Wedge patterns are common in trading, and understanding them can help you make smarter decisions. Here’s a simple breakdown of the four key wedge patterns shown in the image:

1. Sell at Top (Rising Wedge)

  • What it is: Price moves up within a narrowing range (higher highs and higher lows).

  • What happens: It usually breaks downward.

  • Action: Sell when the price is at the top near the resistance (upper line). This is a good time to exit before the drop.

2. Sell at Fakeout (Rising Wedge)

  • What it is: Price moves up sharply, fakes out, and then drops quickly.

  • What happens: The breakout upward is fake, and the price falls.

  • Action: Watch for the fake move and sell quickly before the big drop happens.

3. Buy at Bottom (Falling Wedge)

  • What it is: Price moves down within a narrowing range (lower highs and lower lows).

  • What happens: It usually breaks upward.

  • Action: Buy near the support (bottom line). This is the best time to enter before the price surges.

4. Wait for Retest & Buy (Falling Wedge)

  • What it is: After breaking upward, the price may come back to test the support line.

  • What happens: The retest confirms the breakout, and the price continues to rise.

  • Action: Wait for the retest of the support line and buy after confirmation of the upward move.

In short:

  • Rising wedges usually break downward. Sell at the top or during a fakeout.

  • Falling wedges usually break upward. Buy at the bottom or after a successful retest.

Keep it simple and follow these rules to make better trades!

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