Falling Wedge
ChartA bullish pattern where price falls within converging trendlines. Lower highs and lower lows but narrowing range signals reversal.
Success Probability: 79%
Pattern Visualization
How to Identify
- Both support and resistance falling
- Trendlines converge
- Decreasing volume as pattern develops
- Breakout above resistance confirms
Trading Tips
Bullish reversal/continuation. Enter on resistance break. Stop below recent low. Measure widest point for target.
A bullish pattern where price falls within converging trendlines. Lower highs and lower lows but narrowing range signals reversal.
Trading Strategy
Bullish reversal/continuation. Enter on resistance break. Stop below recent low. Measure widest point for target.
How to Identify
- Both support and resistance falling
- Trendlines converge
- Decreasing volume as pattern develops
- Breakout above resistance confirms
Risk Management
With a 79% success probability, this pattern offers strong reliability for trading decisions. Maintain standard position sizing.