File:10PA Fig9.png
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A wedge top is a bull channel that is converging. Most wedge tops have 3 legs up, but some have a 4th and rarely a 5th. Traders sell below a bear bar closing near its low and expect at least 2 legs down. The legs often subdivide into smaller legs. Any bull channel should be viewed as a bear flag since there is a 75% chance of a break below the bull trend line.
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