17 May 2017 These tools include candlestick charts, which are financial charts. candlestick patterns, download our free Candlestick Cheatsheet PDF here. 20 May 2011 Stock chart patterns play an important role in any useful technical analysis and can be a powerful asset for any trader at any level. We all love 

As formations go, the rising wedge is one of the poorer performing chart patterns. It sports a failure rate of 24%, which falls to 6% if you wait for a downside breakout. The average decline is 19%, just a bit below the usual 20% decline for other bearish chart patterns. One interesting finding concerns the volume trend.