Wedge (rising / falling)

Thesis (rejected): A rising wedge (both trendlines slope up, lower steeper, so they converge to the upper right) is a bearish reversal formation. A falling wedge (both down, upper steeper) is bullish. Edwards & Magee / Bulkowski.

Code: research/wedge.py Report: research/wedge_report.json

Why it failed: Edges are ~ 0 across the full universe on both patterns. Even with a 1 % daily-move pre-filter (selects only meaningful breakout days) and ATR-normalised slope/convergence criteria the unconditional edges are noise.

Verdict: Skip. Convergent-trendline patterns at the daily-bar resolution don't predict the direction the textbook claims. The falling-wedge weak positive edge is in the same direction as our broader drawdown-bounce signal but ~5x smaller — covered already.