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29/11/2022

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Educational_PostFalling Wedge🔅Falling Wedge is a bullish chart pattern that takes place in an upward trend, and the line...
29/11/2022

Educational_Post

Falling Wedge

🔅Falling Wedge is a bullish chart pattern that takes place in an upward trend, and the lines slope down.

🔅As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume.

🔅It is considered a bullish chart formation but can indicate both reversal and continuation patterns – depending on where it appears in the trend.

🔅In the case of a Bullish Falling Wedge chart pattern, the stop loss should be placed at the previous low of the pattern.

🔅The limitation for the target will be the previous resistance level which was formed before by the price action.

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