Falling Wedge
It's the counterpart to the rising wedge but with a more optimistic twist. It's a technical chart pattern that can signal a potential upward reversal in a downward trend. Imagine a downward-sloping triangle, where the price bounces between two converging trendlines, one connecting the highs and the other connecting the lows. As the price forms lower highs and lower lows, the wedge narrows, indicating increasing buying pressure and a possible breakout to the upside.
Falling Wedge, more examples
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