Rewind Back 15 Years

in one word no

 

Looks like a wedge to me. The one heydrrich posted that you said you don’t trade?. How do you define a wedge?

 

this is a wedge, complete exhaustion of a downtrend. Lower lows that wont fall steep .

 

it does not look like a wedge
3 pushes down is not a wedge
wedge is reversal pattern and you have to be careful with all reversals.....there has to be considerable proof of counter trend strength...…..that is the main thing …..I am not bothered about patterns or shapes
the last three bars in the chart below qualify as a wedge because there is evidence of countertrend strength
that is too long a time frame that is why I said I do not trade it

 

this is a 'wedge' because of considerable counter trend strength

 

Please draw the wedge on the chart.

Thanks

 

you are memorizing a wedge shape like a primary school student.
you have to understand the rational behind the wedge
of course I cannot draw the wedge

 

What is that rational?

 

Well suppose a wedge has a shape or it wouldn't be called a wedge eh? It would be called something else wouldn’t it? Primary student or not eh?

 

what is it called then.
I call it a wedge.....