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Dear all
I have a confusion regarding whether wedges occurring in trading ranges have to be traded the same way as we do in trends or any differently.
Request you to help me with your knowledge and experience regarding it
Great, you have remarkable clarity on how wedges to be considered in the trading ranges.
It helped me a lot,
Thank you a lot for giving time to reply to my query
Hi
Need your help in one more confusion that I have about wedges.
Wedges generally have 3 touches on one side and at least 2 touches on other side, does it mean we can have 3 touches on up side or down side irrespective of trend being in bull or bear.
Hi, I don't think so because a wedge is the market's attempt to bring the price down (in a bull trend) the market tries 3 times and if it cannot find enough sellers in that particular price range, market goes up to find more sellers which makes a wedge bull flag.
hope it helps.
Hi,
Yes, a wedge top can form in a bear trend and vice versa.
Above is an example of a wedge bear flag, It is a small wedge up that happens in a bear trend and it functions as a flag, so it has a higher probability of a bear trend resumption.
