Definition: A falling wedge usually forms during a pullback in an uptrend. It is considered a bullish reversal or continuation pattern.
Confirmation: Price breaks above the upper trendline of the wedge with volume (or momentum indicators like MACD/RSI support it).
Chart Analysis:
White lines show a falling wedge.
Breakout has occurred to the upside.
RSI is moving up and MACD is showing bullish momentum.
🎯 Target Calculation:
Falling wedge target is typically estimated by measuring the height of the wedge (from top to bottom at the widest part) and adding it to the breakout point.
📏 Estimation from Chart:
Top of Wedge ≈ $3.73 Trillion
Bottom of Wedge ≈ $2.53 Trillion
Height = 3.73T - 2.53T = 1.2 Trillion
Breakout Level ≈ $3.0T (approx)
🎯 Target = Breakout point + Height
= 3.0T + 1.2T = 4.2 Trillion USD
Confirmation: Price breaks above the upper trendline of the wedge with volume (or momentum indicators like MACD/RSI support it).
Chart Analysis:
White lines show a falling wedge.
Breakout has occurred to the upside.
RSI is moving up and MACD is showing bullish momentum.
🎯 Target Calculation:
Falling wedge target is typically estimated by measuring the height of the wedge (from top to bottom at the widest part) and adding it to the breakout point.
📏 Estimation from Chart:
Top of Wedge ≈ $3.73 Trillion
Bottom of Wedge ≈ $2.53 Trillion
Height = 3.73T - 2.53T = 1.2 Trillion
Breakout Level ≈ $3.0T (approx)
🎯 Target = Breakout point + Height
= 3.0T + 1.2T = 4.2 Trillion USD
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.
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.