I generally do not make trades based on wedge patterns or symmetrical triangles. I prefer the market to break out from some horizontal resistance or support. Example of a trade I would usually not take is given below.
Looking at the general US markets, I see the following bullish developments.
I went long the NASDAQ here because it broke horizontal resistance. I sat on the side lines for the two trades above. All the markets are set to make a higher high on a weekly basis pending the outcome from today’s session. The correction that started in late January appears to be ending. The market looks set to challenge its all time high.