WEDGE DOWN
The wedge down or falling wedge pattern, it is considered a bullish chart formation but can indicate both reversal and continuation patterns depending on where it appears in the trend. Is a continuation pattern formed when price bounces between two downward sloping, converging trendlines.
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.