Reversal for Gold ( Right - Angled Ascending Broadening Wedge)

This right angled ascending broadening wedge is a downward reversal pattern. Its formed by two diverging lines, the support is the horizontal range low and the resistance is an oblique bullish one.

I am waiting for a short entry / long entry at the bottom of the range

traditional strategy:

Entry:Opening a short position at the support break
Stop loss:The stop loss is placed above the support
Objective:Theoretical objective of the pattern
Advantage:Minimum objective very often achieved (91% of cases)
Disadvantage:Pullbacks are common (72% of cases).It may therefore be wise to wait for the pullback to open a position


The aggressive strategy:

Entry:Opening a long position on the 3rd contact with the support
Stop loss:The stop loss is placed below the last lowest point
Objective:Opposite terminal of the triangle
Advantage:The amplitude of the movement will be significant in the event of a bounce towards the opposite terminal.Low risk
Disadvantage:More frequent bearish exits