Falling Wedge Pattern: Overview, How To Trade & Examples
A falling wedge pattern least popular indicator used is the parabolic sar as it creates conflicting trade signals with the pattern. The Falling Wedge can signify both a reversal and a continuation pattern. In the context of a reversal pattern, it suggests an upcoming reversal of a preceding downtrend, marking the final low. As a continuation pattern, it slopes down against the prevailing uptrend, implying that the uptrend will continue after a brief period of consolidation or pullback. The security is predicted to be trending upward when the price breaks through the upper trend line. When Are T …