Descending Broadening Wedge Forming
A DBW is traditionally a bullish indicator as sellers lose control at three definite points in increasing magnitude. Though such a pattern does not necessarily mark the end of a downtrend, a break above the top resistance line indicates validation of the pattern.
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.