Falling wedge is generally a bullish pattern signaling that we will likely see the price break upwards throught the wedge and move into an uptrend. The trend lines of this pattern converge, with both being slanted in a downward direction as the price is trading in a downtrend.
Target marked in YELLOW.
Target marked in YELLOW.
Trade active
Trade closed: target reached
Target reached and trade closed
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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.