12/27/2023 0 Comments Bullish falling wedge![]() ![]() ![]() Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. Wedges are a common type of chart pattern that help traders to identify potential trends and reversals on a trading chart. More than simply being a reversal pattern, this can also be. This is measured by taking the height of the back of the wedge and by extending that distance up from the trend line breakout. Consequently any person acting on it does so entirely at their own risk. This pattern can appear at the end of a bullish trend as well as at the end of a bearish trend. Finally, the last chart shows the profit target. No representation or warranty is given as to the accuracy or completeness of this information. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. In general, a falling wedge pattern is considered to be a reversal pattern, although there are examples when it facilitates a continuation of the same trend. ![]() In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. By definition, a falling wedge always follows a major rising trend and has 3 stages: major rising trend, correction, and continuation of a rising trend. A Rising Wedge is a bearish chart pattern thats. This information has been prepared by DailyFX, the partner site of IG offering leading forex news and analysis. A falling wedge is always a bullish pattern. The Falling Wedge (Descending wedge) is a technical chart pattern used to identify the opportunity to earn profits in stock market. A Falling Wedge is a bullish chart pattern that takes place in an upward trend, and the lines slope down. ![]()
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