Triangle and Wedge Strategy

1) Price action not erratic, no major wicks​

2) The uptrend is clear with less impressivediminishing higher highs​

3) The bottom supporting trendline has been tested at least 3 times or more ​

4) The top resistance trendline has a minimum of 2 touches​

5) The Macd is bearish divergent for the rising wedge ​

6) There is divergence on the next higher time frame​

7) There is a major resistance for the rising wedge in the way of the target​

8) There is no big candles leading up into the resistance layer​

1) Price action not erratic, no major wicks​

2) The downtrend is clear with less impressivediminishing lower lows​

3) The top supporting trendline has been tested at least 3 times or more ​

4) The bottom support trendline has a minimum of 2 touches​ and no more than 3

5) The Macd is bullish divergent for the descending wedge ​

6) There is divergence on the next higher time frame​

7) There is a major support for the descending wedge in the way of the target​

1) Price is pulling back to a support and resistance level from the past price action​

2) Moving Averages are in the correct order on the chart

3) Moving Averages are also correct in the next higher time frames

4) 13/50 moving averages cross over within the structure or just outside the structure on the 1 hourly chart

5) Reversal candles sticks with 2 or 3 combination at the key levels. eg. 3 black crows or 3 white soldiers

6) A slow down of big candle sticks near the point of reversal

7) Resistance or Support are on a major Fibonacci level