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Wedge

The Wedge pattern can either be a continuation pattern or a reversal pattern, depending on the type of wedge and the preceding trend. There are 2 types of wedges indicating price is in consolidation. The first is rising wedges where price is contained by 2 ascending trend lines that converge because the lower trend line is steeper than the upper trend line. In other words: the lows are climbing faster than the highs. These wedges tend to break downwards. The second is Falling wedges where price is contained by 2 descending trend lines that converge because the upper trend line is steeper than the lower trend line. In other words: the highs are falling faster than the lows. These wedges tend to break upwards.

Conservative traders may look for additional confirmation of price continuing in the direction of the breakout. The target can be estimated through the technique of measuring the height of the back of the wedge and extending it in the direction of the breakout. A common stop level is just outside the wedge on the opposite side of the breakout.
Kermee Kermee OMGBTC, 240,
OMGBTC: OMG 4H Falling Wedge (22.10.2017)
101 1 7
OMGBTC, 240
OMG 4H Falling Wedge (22.10.2017)

Any break above the resistance line could prove to be a bull run. Otherwise, put buys near the bottom of the support line.

cooldude.0090 cooldude.0090 ETHBTC, 240, Long ,
ETHBTC: massive gain ethbtc
78 0 4
ETHBTC, 240 Long
massive gain ethbtc

massive gain falling wedge support my ethbtc long idea

zippy1day zippy1day PRO BTCUSD, 60, Long ,
BTCUSD: BTC Falling Wedge?
231 0 2
BTCUSD, 60 Long
BTC Falling Wedge?

Target $6212 http://thepatternsite.com/fallwedge.html

x4random x4random BTCUSD, 30,
BTCUSD: Bitcoin Channel & Wedge
63 0 3
BTCUSD, 30
Bitcoin Channel & Wedge

Downward Channel and Ascending Wedge

WilliamCaudill WilliamCaudill PRO CADCHF, D, Long ,
CADCHF: Falling Wedge and Channel
345 0 5
CADCHF, D Long
Falling Wedge and Channel

Falling Wedge and channel indicating possible long positions.

Troy_Brave Troy_Brave BTCUSD, 60, Short ,
BTCUSD: BTC - 5 Exit indicators
2649 33 51
BTCUSD, 60 Short
BTC - 5 Exit indicators

Early on while trading, I am learning the importance of using multiple indicators to make trading decisions. One of my biggest frustrations when I first started in crypto was, “how do I know WHEN to buy and how do I know WHEN to sell” I mean, obviously buy high and sell low… right? Sounds simple… right? But when are those highs and when are those lows, thats ...

EXCAVO EXCAVO TOP ETCUSD, D, Short ,
ETCUSD: ETEREUM CLASSIC
6454 15 76
ETCUSD, D Short
ETEREUM CLASSIC

ETC/USD look like GARTNER HYPE CYLE

Brodie_MT Brodie_MT XRPBTC, 240, Long ,
XRPBTC:  Hope For The Fallen Fanboys (XRP/BTC)
697 18 12
XRPBTC, 240 Long
Hope For The Fallen Fanboys (XRP/BTC)

Hell of a conference, wasn't it? There is still hope for a falling wedge pattern here for XRP. If you've already decided your XRP is trash (which it probably is) maybe you're willing to play the game? Just a guess, not investment advice. Buy 3700-3900 here sell 4100-4200. Buy 3500 and pray to god that line holds and breaks out of the wedge. Good luck, there is ...

KeithSalisbury KeithSalisbury BCHBTC, 240, Long ,
BCHBTC: BCH finally makes a significant break
225 0 7
BCHBTC, 240 Long
BCH finally makes a significant break

A very recent move against the downward might suggest things are looking brighter for Bitcoin Cash.

cryptolid cryptolid STRATBTC, D, Long ,
STRATBTC: falling wedge: bullish on strat
392 0 3
STRATBTC, D Long
falling wedge: bullish on strat

if strat breaks out the falling wedge it could see a huge rise

EXCAVO EXCAVO TOP STRBTC, D, Long ,
STRBTC: STELLAR
11299 67 172
STRBTC, D Long
STELLAR

Tedious Stellar?:) Fibonacci levels + Pattern + Cycle Thanks for the support

Analwhore Analwhore PRO ETHUSD, D, Short ,
ETHUSD: Wave C - Destroyer of Worlds (ETHUSD)
636 4 5
ETHUSD, D Short
Wave C - Destroyer of Worlds (ETHUSD)

We watched for a very very long time as ETH was forming a rising wedge. Then it broke up and we all of a sudden got bullish and looked at the smaller time frames. @crimsonr was nice enough to pull my head out of the sand. The rising wedge had a fake out breakout and has now collapsed and is falling under the wedge. Doing a proper count now you will see that we ...

Dukascopy Dukascopy PRO USDTRY, 60,
USDTRY: USD/TRY 1H Chart: Greenback between two patterns
44 0 3
USDTRY, 60
USD/TRY 1H Chart: Greenback between two patterns

Following a massive upward leap of the USD/TRY exchange rate late in October 8, the rate has retreated slightly, thus standing near the 3.67 mark early on Friday. This downward-sloping movement has formed a falling wedge in the bounds of which the US Dollar is trading in a short-term channel up. The rate has diminished its trading range and is currently located ...

Flame091 Flame091 PRO EOSUSD, 60, Long ,
EOSUSD: EOSUSD
196 0 6
EOSUSD, 60 Long
EOSUSD

What comes after 'falling wedge' pattern?

nzhoenfx nzhoenfx BTCUSD, 240, Short ,
BTCUSD: The Hunt for Red October II
141 0 4
BTCUSD, 240 Short
The Hunt for Red October II

BTCUSD Monthly Setup Update - October

TheShortLife TheShortLife GBPJPY, 240, Long ,
GBPJPY: GBPJPY wedge in the works, support held
143 1 4
GBPJPY, 240 Long
GBPJPY wedge in the works, support held

Session opening in 1 hour 25 min, support holding. Looks to pop here, worth a trade.

taramck taramck PRO OMGUSD, D, Long ,
OMGUSD: Falling Wedge or Descending Triangle - OMG
342 4 4
OMGUSD, D Long
Falling Wedge or Descending Triangle - OMG

At first I thought I was seeing a descending triangle but now I'm thinking it may be a falling wedge instead. I know that we can see what we WANT to see, so I'm trying to look at this with an open mind. I'm new to recognizing most patterns so if anyone understands patterns would like to comment on what they see, please do.

yarr yarr QTUMUSD, 240, Long ,
QTUMUSD: QTUM Bullish Falling Wedge
716 0 2
QTUMUSD, 240 Long
QTUM Bullish Falling Wedge

RSI is strong indicator spotting divergences. Price reversal is in act and the falling wedge pattern is actually support this. Falling wedge is considered as bullish (up trend market) pattern. Bullish confirmation is when we break top of the pattern line. So buy order should set above to this line. Sell target is around 15 levels. Some should left for the ...

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