Re: falling wedge showing on chart,extremely bushish signal if crossed trend line

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MichaelEr

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Re: falling wedge showing on chart,extremely bushish signal if crossed trend line

posted on Jan 09, 2008 11:03AM

The falling wedge can also fit into the continuation category. As a continuation pattern, the falling wedge will still slope down, but the slope will be against the prevailing uptrend. As a reversal pattern, the falling wedge slopes down and with the prevailing trend. Regardless of the type (reversal or continuation), falling wedges are regarded as bullish patterns.

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