NZDCAD
A falling wedge is a technical analysis chart pattern that signals a potential bullish reversal. It occurs when the price of an asset consolidates between two downward-sloping trendlines, where the upper trendline (resistance) is steeper than the lower trendline (support). The pattern indicates that the asset's price is making lower highs and lower lows, but the rate of decline is slowing, suggesting a potential breakout to the upside.
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.