What Is the Wedge Pattern and Its Common Characteristics? 1. Wedge patterns have converging trend lines that come to an apex with a distinguishable upside or downside slant. a. Wedge with an upside slant is called a rising wedge b. Wedge with downside slant is called falling wedge 2. It has declining volumes as the pattern progresses. 3. It breaks out...
Falling wedge pattern is a reversal chart pattern that changes bearish trend into bullish trend.
Falling wedge pattern's considered as continuation pattern (Bullish continuation pattern) We can catch this pattern after some bullish reversal or in a continuous bullish run.Best place to enter bullish was after the break of the upper side trend line (After converging).The primary target would be the topmost rejection level of the wedge and we can fix our...
In the previous educational post, i posted about Rising Wedge patterns and in this post i have explained about Falling Wedge Patterns. (Falling Wedge is opposite of Rising Wedge pattern; for every chart patterns there are opposite patterns excluding some.) Falling Wedges are Bullish Patterns and it generates bullish signal, Falling wedge patterns forms with Lower...