DIA: Falling Wedge Bullish Breakout Confirmed (295% - 545% Pot.)My dear reader, here we have a pair that is going bullish for the first time in years... DIABTC.
The relevant pattern for this pattern is the falling wedge. The falling wedge is a bullish reversal pattern and tends to show up at the bottom of a trend.
The bearish trend is long and wide. The falling wedge is a small and steep.
The falling wedge pattern leads to a new All-Time Low, mid-August, and the ATL session produced a long lower wick on low volume.
This week we have a bullish breakout from a small consolidation pattern and the highest buy volume since March 2024. All these are a combination of reversal and bullish signals.
This can translate into the change from a downtrend to an uptrend. An uptrend signals long-term growth. Potential targets on the chart.
Thank you for reading.
Namaste.
