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Wedges
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Are similar in terms of shape and time development to the symmetrical triangle. The most noticeable feature of the wedge formation is it has a slant which is usually against the prevailing trend. Therefore, falling wedges are considered bullish and rising wedges are considered bearish. Wedges usually occur near the end of a trend or near the 5th wave of Elliott Wave formation before breaking. Volume should decrease during the formation of the wedge, much like the flag or pennant. |
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Whipsaw
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Occurs when the technique that a trades is using produces many buy and sell signals in a small price range that do not follow through in the predicted direction. Whipsaw trades cause the trader to lose money. |
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Writer
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An individual who sells an option. |
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Working
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A broker is attempting to execute an order. |
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There
is a substantial risk of loss in futures trading.