Rising Wedge

Launch Chart
KUNAL KAMBLE
VERI
·
Jun 19 2023
snapshot
VERITONE

Security has formed a proper rising wedge pattern.
A rising Wedge breakout on the downside has a higher probability of winning the trade.
Currently, the security is trading below the EMA.

ADX is showing strength in the formation. A breakout on either side with ADX trading above 20 will be a good confirmation to enter.
A breakout on the upside/downside will be an opportunity to enter long/short in the security.

Trade as per breakout