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Users will receive two different types of alerts. One stating “Ascending Wedge” and another stating “Descending Wedge.”
Users can expect an average of 15-50 alerts daily.
Ascending Wedge Image:
Descending Wedge Image:
- When an alert is received you should open up the specified currency on an M15 Chart. You will then be responsible for marking up the wedge pattern on the chart that is identified by the alert system. Once the Wedge pattern is drawn out, the user will have to be patient and wait for the price (the candlestick) to break the wedge formation pattern.
Once the wedge formation is broken (Image) and price closes (changes over to next candle) you will look to place your order [if price broke to the downside we look for sells] [if price breaks upside we look to buy] in the same direction it broke. Keep in mind you use 1:2 risk to reward with these trades for best results.