Falling wedge formation5/2/2024 The falling wedge can signify a reversal or continuation pattern (essential to identify this correctly) Opportunity for favourable risk-reward ratios Presents clear stop, entry and limit levels Requires additional confirmation using other technical indicators and oscillators The falling wedge pattern allows traders to get into a trending market after missing the initial move (continuation case) Occurs frequently within financial markets In order to create new buying chances and overcome the bears and drive prices higher, buyers take advantage of price consolidation. It clearly denotes the conclusion of the period of correction or consolidation. It suggests that the current trend will either continue or reverse.
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