Breakout Screens - Falling Wedge Pattern
A falling wedge pattern is considered a reversal pattern within technical analysis. The wedge formation consists of a support and resistance line running in the same direction (downwards) but with different slopes. The formation gradually narrows until eventually the upper trend line is broken, leading to a buy setup.
Wedge chart patterns
Wedge patterns are considered reversal patterns within technical analysis. The wedge formation consists of a support and resistance line running in the same direction but with different slopes. The formation gradually narrows until eventually the lower or upper trend line is broken, leading to a buy or sell signal.
Falling Wedge Pattern
A falling wedge has two descending trend lines. Both trend lines run in the same direction but each has a different slope.
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Chart Patterns: Falling Wedge - ST
The falling wedge pattern filter (short term)
Price: Above 5
Minimum price
Average Volume: 50 SMA > 200K
Minimum liquidity
Support and Resistance lines on the chart
Regional Run
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