Hi @rick64,I've been learning and taken a liking to wedges,...

Hi @rick64,

I've been learning and taken a liking to wedges, triangles, flags and pennants and trying to read the background strength and changes in sentiment using VSA- particularly around key levels- to look for higher probability trades. So for practice I've been grabbing any chart where I can see a wedge and some two bar reversals for example and then scribble all over it, and ADT has them all so here's my take with some notes below and on the chart. 

Todays up bar was on higher (but not convincing) volume and is bouncing off a congested zone of key levels. For me it would need further confirmation to suggest a strong bias either up or down, but perhaps some of the more experienced can read some other signs? If anything, it appears there are stronger signs of weakness in the background overall, and ascending wedges break down more than they break up - but either way the indecision between bulls and bears at this level hint to me that you might expect a pull back to re-test the breakout level whichever way it goes.

Would love to hear some insights and the supporting technique from others if anyone has the chance!