Wedges may occur in an uptrend or a downtrend.
• They must touch the top and bottom trend line a minimum of two times
(four touches total).
• Price should break out of the wedge in the direction of the current trend.
• Typically, the breakout should occur within 75 percent of the width of the
wedge.
• Buy partial positions on a closing breakout above the resistance trend line,
as many times the market will pull back to challenge the point of breakout.
• Place the stop losses 8 percent below the last swing low that created to
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