![]() These are bullish reversal patterns that can be found on daily charts and intraday. Falling wedge patterns form by connecting at least two to three lower highs and two to three lower lows which become trend lines. ![]() When the pattern occurs, it can be interpreted as a trend reversal or continuation pattern and can help traders find trading opportunities. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. It is a bearish candlestick pattern that turns bullish when price breaks out of wedge. The falling wedge is a bullish chart pattern that signals a buying opportunity after a downward trend or mark correction. So, in a bullish continuation wedge, buy above the resistance line and put your stop loss below the support line of the. And it can be a bullish reversal pattern if it forms after an extended downtrend. And it is a reliable bearish consolidation formation. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. A falling wedge pattern is a bullish continuation pattern when it appears in an uptrend. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. Consequently any person acting on it does so entirely at their own risk. Unlike a rising wedge pattern, a falling wedge pattern is typically considered a bullish trend. No representation or warranty is given as to the accuracy or completeness of this information. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. ![]() ![]() In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. This information has been prepared by DailyFX, the partner site of IG offering leading forex news and analysis. ![]()
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