The support forum is built with (1) General and FAQ forums for common trading queries received from aspiring and experienced traders, and (2) forums for course video topics. How to Trade Price Action and How to Trade Forex Price Action videos are consolidated into common forums.
Brooks Trading Course social media communities
Several ways to draw wedge. Shouldn't that be higher probability?
(DSU Vol 4)
Hi Shubh,
Good question and can see both sides! However, a messy wedge is not really a wedge in my view, so lower probability. In this case it also ran into a tight trading range, so even less clear.
I double-checked with Al and have added an extra "...several unclear ways" word for clarity. And here too is Al's comment on this:
"When there are many ways to draw a wedge and they all are clear, then high prob. But when none is clear, like in a tight channel, then low prob."
DS updated. Thanks.
Oh..I did not know that, good I asked. Till now I used to go with approx: is good enough.
Thank you, and Al, for the clarification.
