Technical analysis by dead4586 about Symbol AAVE: Sell recommendation (5/20/2025)

shorting the correction on a rising wedge. heres the stats.Rising wedge statistics- In 82% of cases, the exit is bearish.- In 55% of cases, a rising wedge is a reversal pattern.- In 63% of cases, the pattern’s price objective is achieved when the support line is broken.- In 53% of cases, the price makes a resistance pullback on the rising wedge’s support line.- In 27% of cases, false breaks (false exits) appear.Notes on rising wedges- The contact points on the rising lines must be significant because otherwise it might be a flag.- The steeper the rising wedge’s trend lines (rising strongly), the more severe the downward movement is at the breakout (exit from the chart pattern).- False breaks (or false exits) give an indication of the direction of exit. If a false bearish break occurs, the exit will be upwards in only 3% of cases. Exploiting a false bearish break is therefore statistically low risk.- Retracements are generally twice as fast as the rising wedge was in its formation.- Pullbacks are detrimental to the pattern’s performance.- The break out point (exit) generally occurs at 60% of the length of the rising wedge.- Very wide rising wedges give better performance than narrow rising wedges.For your information: A rising wedge is a reversal chart pattern. Its opposite is a falling wedge.GL guys. Im using gmx to leverage this short.