Falling Wedge is by definition a bullish pattern and mostly ends to a reverse strong move.
There are 2 interesting WW (Wolve Wave) patterns on the falling wedge.
Both are annoted, red one is the most obvious.
We are now in the "5" areas where it's very interesting to set some long orders.
Ressources:
WW Pattern: www.investopedia.com...rading/05/040405.asp
Falling wedge: stockcharts.com...school/doku.php?id=chart_s...
Related ideas (just below) to see proven WW reactions.
There are 2 interesting WW (Wolve Wave) patterns on the falling wedge.
Both are annoted, red one is the most obvious.
We are now in the "5" areas where it's very interesting to set some long orders.
Ressources:
WW Pattern: www.investopedia.com...rading/05/040405.asp
Falling wedge: stockcharts.com...school/doku.php?id=chart_s...
Related ideas (just below) to see proven WW reactions.
Comment:
Magnet around 1-4 is strong.
How could it ends ?
How could it ends ?
Trade active:
Price is still colliding with 1-4, this is impressive.
We're now close from the target and could initiate a new trend.