Falling are Patterns and it generates signal, patterns forms with Lower highs and Lower lows.
pattern basically forms in two shapes same as ; If pattern forms in an uptrend it will make continuation and if pattern forms in a downtrend it will make reversal.
The Lower highs and the lower lows along makes a trend resistance and trend support. When breakout occurs upside, price breaks the trend resistance line.
In breakout occurs upside 60 to 70% of the time.
To confirm a true breakout, we can take help of and other indicators. In a true breakout there will be big than usual.
We should use other indicators like and also to confirm that it will turn before taking entry in a trade. (We can see convergence, convergence)
Stay Tuned 👍 ;
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