On a breakout, conservative traders will wait for a second consecutive close above or below the wedge line for confirmation.

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My precondition to the bearish case was a break below the support line of a wedge.

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Accordingly, if we see a dip to just below 1400 and then a rally higher to say 1435 -1450, we should get ready for a break below the support line of the wedge.

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Mr. Maliki, apparently attempting to drive a wedge between the harder- and softer-line ministers, has vowed to fire most of those who don't attend meetings in the coming days.

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The weekly chart shows a falling wedge formation (lines A and B) that was completed in November 2002 when the downtrend (line A) was broken.

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