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DOVP was in a steady uptrend when it traded into a downward sloping bullish wedge. This pattern is very similar to a bullish pennant except here both trendlines slant down. Volume popped on the breakout and was then fairly steady during the rally.
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URBN traded into a textbook bullish wedge in the spring of '02. Three touches established both support and resistance and volume surged on the breakout. Pretty simple.
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CRK was a herky jerky stock that traded into a downward sloping bullish wedge in the late summer months of 2003. Volume surged several consecutive days on the breakout, and that makes the pattern easier to trade because each of the highs from within the pattern can act as resistance on the way up. Getting a big explosive move that achieves “separation” from the breakout area is always desirable.
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