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Hi Louw –
In my opinion, chart patterns such as
these are Very hard to quantify, and Very hard to backtest. To me, they fall more
into the category of discretionary trading than technical trading.
Howard
-----Original Message-----
From: Louw-Roux Coetzer
[mailto:louwcoetzer@xxxxxxxxxxxxx]
Sent: Thursday, November 20, 2003
1:47 AM
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] Wedges
Hi there all,
Just a easy question that is confusing me
a wee bit ....What is the technical significance of a "Rising Widening
Wedge" against & with a trend...see pic for example...is it the same
as a "Narrowing Wedge " with & against a trend ?
Kind regards
Louw Coetzer
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