No. At least I dont think so. This is a one hour chart and what looked like an upward wedge to me. I expected a upwards breakout, with maybe a pullback to the resistance line. But no, it broke down as you can see.
Which leads me to question. Is there any good chart patterns for short time periods?
Which leads me to question. Is there any good chart patterns for short time periods?
My mistake calling it a wedge, where both lines would be ascending, but compressing. That would be bearish.
Here is a good read on the 'vs.' of the two:
stockcharts.com/arti...ending-triangle.html