Take long time to spot the patterns, validate. Also learning curve is higher, before being able to spot patternz in live market very high amount of screen time is needed.
But some trading platform provide as auto deduction for example in PI,
Patter recognition is available
My observation, Patter alone is not sufficient to make confident entry
additional technical analysis required, we are witness many W,M pattern
failure, All painting of old data proves pattern is working fine but entry,
stop loss is problem in real time.
I had took considerable trade with SL-L entry and stop loss near the breakout
considering patterns , but 90% my stop loss taken away.
Additional confirmation may taken as confluence and we can use it like
M,W at VP's HAV, LAV
Is below current market is wedging out?... I hope for down breakout for
following confluence
1. it is at LAV Lower Area Value as per Volume profile
2. next visible support around xx70
3. Current support at xx85 is dilute by lot of trade in that area..
I am not speaking about entry and exit or stoploss,
because I am lagging in that
Let see how wedge works??