**Price Trend** — Can be any direction leading to formation. **Shape** — Price follows two down-sloping and converging trendlines. **Touches** — Price should touch channel at least 5 times - 3 touches one side and 2 touches of the opposite side. **Volume** — Trends downward 72% of the time. **Breakout** — Can be up or down however 68% of times is upward. Breakout happens usually 58% of the way to wedge apex. **Confirmation** — Pattern become valid once price close outside of channel. **Price Rise/Decline** — On average 32% up (upward breakout) or 15% decline (downward breakout)
Credit - Thomas N. Bulkowski
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This information is not a recommendation to buy or sell.
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Touching support line
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Wedge broken downwards
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LTC/BTC broke massive rising wedge on daily chart. Be ready for drop to continue.
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Back to the wedge. False breakout.
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Touching resistance line. We are exactly 60% of the way to wedge apex - place where breakout usually happens.
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Wedge broken.Now let's see if LTC reach oyr target 227$
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Bullish flag
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or early H&S
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H&S turned to be descending triangle Probably LTC going down