Example, important part is an expanding price range (in this making strong lows) and eventually breaking up after numerous fails. 3 bottom fails and 3 top fails, with the 4th able to push through up the wedge.
The pattern typically shows strong euphoria and strong fear as buyers and sellers both are very unsure resulting in widening volatilty both ways.
Eventually one will take the upper hand forcing most of the traders to switch side as pressure leaps over.
