AMEX:CBOE   Cboe Global Markets, Inc
Falling wedges are often bullish and are usually found at the bottom

CBOE has been stuck inside a variety of falling wedges since the flu hit the market

CME was also in a falling wedge for a long time. These can be very long term patterns

They can signal a reversal in price

CBOE has broken upper trendline (R) of the pattern but is not quite in a clear uptrend

The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias. However, this bullish bias cannot be realized until a resistance breakout occurs.

As a continuation pattern, the falling wedge will still slope down, but the slope will be against the prevailing uptrend. As a reversal pattern, the falling wedge slopes down and with the prevailing trend. Regardless of the type (reversal or continuation), falling wedges are regarded as bullish patterns.

Just an observation