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Broadening Wedge Ascending

The Broadening Wedge Ascending has a horizontal lower boundary and upward-sloping upper boundary. Can break in either direction.

2 rising linesBroadening Wedge Ascending: Rising, expanding → Usually rises

Pattern Details

Category

bilateral

Success Rate

58%

Average Move

0%

Duration

2-6 weeks

Pattern Structure

Pattern Structure
Key components that define this chart pattern
  • 1
    Lower boundary: Horizontal
  • 2
    Upper boundary: Slopes upward
  • 3
    Expands in upward direction

Trading Rules

Trading Rules
Essential rules for trading this pattern successfully
  • ✓
    Wait for clear breakout
  • ✓
    Usually continues prior trend
  • ✓
    Target = Height of the pattern
  • ✓
    Stop loss on opposite side of breakout
Trading Tips
  • Not as common as other patterns
  • Beware of false breakouts
  • Combine with volume to confirm

Statistics

Breakout Statistics
Bullish Breakout42%
Bearish Breakout58%
Performance Metrics
Average Rise+9%
Average Decline-11%
Pullback Rate19%