Looming Threat of a Rising Wedge

Ming Jong Tey
3 min readMar 6, 2024

Watch the video extracted from the WLGC session before the market open on 5 Mar 2024 below to find out the following:

  • What does a rising wedge mean (in price action)?
  • The ultimate defense for the S&P 500 to watch out for when there is a breakdown from the rising wedge pattern
  • The sudden market reversal scenario traders to pay attention to in these overbought conditions.
  • The trading strategies to adopt should traders want to get exposure.
  • and a lot more…

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Ming Jong Tey

I am a Wyckoff trader who practice kaizen in trading. Get Weekly Market Outlook & Best Trading Advice straight to your inbox: https://www.tradeprecise.com/