The falling wedge pattern occurs when the asset's price is moving in an overall bullish trend before the price action corrects lower. Within this pull back, two converging trend lines are drawn. The consolidation part ends when the price action bursts through the upper trend line, or wedge's resistance.
DISCLAIMER!!!!
NOT A BUY CALL
TRADE AT UR OWN RISK
FOR STUDY PURPOSE ONLY
DISCLAIMER!!!!
NOT A BUY CALL
TRADE AT UR OWN RISK
FOR STUDY PURPOSE ONLY