A falling wedge is a bullish pattern with the following characteristics:
Shape: Two converging downward-sloping trendlines.
Breakout: Price breaks above the upper trendline.
Volume: Declines during formation, increases on breakout.
Target: Height of the wedge projected from the breakout point.
Stop-loss: Below the most recent swing low inside the wedge.
Shape: Two converging downward-sloping trendlines.
Breakout: Price breaks above the upper trendline.
Volume: Declines during formation, increases on breakout.
Target: Height of the wedge projected from the breakout point.
Stop-loss: Below the most recent swing low inside the wedge.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.