📊 Falling Wedge
A falling wedge is bullish and indicates a reversal of a downtrend or a continuation of an uptrend.
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Master triangle chart patterns and trade better
A falling wedge is bullish and indicates a reversal of a downtrend or a continuation of an uptrend.
A rising wedge signals a potential reversal of an existing uptrend or a continuation of a larger downtrend.
A bearish symmetrical triangle suggests a continuation of a prevailing downtrend.
A bullish symmetrical triangle is an upward trend continuation.
A descending triangle is a bearish chart pattern understood as a continuation pattern in a downtrend, but it can also act as a reversal signal in an uptrend.
An ascending triangle is a bullish pattern indicating the potential continuation of an uptrend or a reversal of a downtrend.