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Pattern Series 3 - Falling Wedge!

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Rising wedge is a bearish pattern . Price range is wide in the bottom and narrows when price moves higher. Volume will decline as prices rise and the price action forms a wedge . Price will fall when the support is broken. Falling wedge is a bullish pattern. Price will move up when the resistance is broken.
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Wedge

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Wedge
vanathi
Mod
Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie
Join my students group for Index Option Trading to earn and learn.
Also on:

Related publications

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.