Not sure what time frame your chart it? But I marked it up LOL. Wedge tops in a bull trend usually fail one after the other and trading them as normal is a losing proposition. Each failure will usually have two legs or more up so long is the way to trade them. Of course, one wedge will finally succeed and price will head south. Could the one you marked be it? Could be. Just have to wait and see which side it breaks out on.
I see all the parrot boys and girls are jumping on the bandwagon. Just wait, when the market plunges, they will be here taking credit for calling it first. #SAD Your fearless leader, surf
Bucket shop? Now I understand the Livermore avatar. I need to pick up my heart (as Willie Nelson says) and hightail it over there.
No dude, the Smurf fade is still working very profitably. It is one of the most reliable trading indicators ever created. You should offer your calls to some big hedge funds, so they can fade your silly attempts at top and bottom picking, and then pay you a percentage of profits
Made lots of tax free profits over the years with the bucket shops. And had the bucket shops play dirty tricks against me, eg Bet rejections So yeah it is similar.
I Wedge was for illustrative purposes. I did say it's not the signal I'm tracking, but the more signals the better