Significance of wedges

Have you done the course?

Wedges are what dreams are made of.

What i was told is a wedge is basically buying pressure and selling pressure and each is compressing. Sort of like when you shake up a soda bottle and the top finally blows off due to the pressure. One side has to win and the break out of the wedge is like the release of that compression. They're buy far my favorite setup. Wedges come in all shapes and sizes and arent created equal. There are different traits to look for to help you in deciding which have the higher probability of going in your favor.

Thanks for your reply.  I am going through the course again to really grasp the concepts Al teaches.  I think i understand wedges better now. 

What i gather is that wedges tend to fail in one direction to only succeed in breaking out of toward another ... so the idea is anticipating  failure and see if reversal bar forms or a flag (HL, LH) even then it's not a guaranteed however there is a success rate for breakout to fail vs success (in the specific context so to speak).

Could be wrong.

Yes, but... 

Does it mean the market will head up or down?

Thank you for sharing!

If there is a breakout that succeed it would make two legs  that could be either a beginning of the new trend or a correction of some kind.

Wedges can function as flags (high probability trades) or reversal patterns (low probability). There is no better way to understand it than studying the course and then looking in your platform for several examples. It might not be clear at first, but keep studying and you'll get it.

Also remember that everything is probability, so there is no "the market is going up" or "the market is going down". What you can say is that the market is likely to do something, which means 60%. Always be aware of the possibility that the other side can win.