Falling wedge

    0
    350

    Falling wedgeA falling wedge can be a continuation pattern to the upside or a reversal pattern to the upside.

    It is formed when the price trades between a support and resistance level that has a downward slope and consolidates into an increasingly narrow range.

    As the price consolidates into a narrow range, the price gets closer to a break out of the pattern. The break is to the upside for a falling wedge.

    - Advertisement -

    Reversal to the upside

    Falling wedge reversal

    Continuation to the upside
    Falling wedge continue

    See also:
    - Advertisement -