I look for uptrend wedges as well, I notice this one was over 6 weeks, do you find shorter ones are more volatile, and less reliable as an indicator?
RE: I made this post (linked) on August 1st, and predicted a +379% ROI in my recommendations after four business days
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I made this post (linked) on August 1st, and predicted a +379% ROI in my recommendations after four business days
Yeah the uptrending wedge is my favorite pattern. That's interesting, I've never consciously looked at the length of the wedge and the corresponding volatility/reliability. But just intuitively, it makes sense that the longer an accumulation period lasts, the greater the anticipation and buying volume will be once resistance is broken. Thinking back on it, that long accumulation pattern was why I liked UPLMQ so much and went in big on that one. I think you have made me realize something consciously that I only knew subconsciously until now. Thank you :)
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Just looked at the charts, that was a nice buy! 40 plus percent in under 5 days, depending on entry/exit.
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