A Wedge reversal (three or four pushes each with a new extreme) forming at the top or bottom of a trend is probably the most successful setup for a swing trade.
The most crucial prerequisite for a Wedge reversal is a clear trend channel line overshoot and in particular a second overshoot.
Other strengtheners / requirements are: Continue reading “Trade the 1st Pullback after a Wedge – the W1P!”