vanathi

Pattern Series 3 - Falling Wedge!

Education
NSE:CANBK   CANARA BANK
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.

Roles I play here : Author, Analyst & Moderator.

Free Telegram Channel. t.me/Analysis4Newbie
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.