Falling Wedge
… the falling wedge pattern signals a possible buying opportunity either after a downtrend or during an existing uptrend.
… the entry (buy order) is placed when either the price breaks above the top side of the wedge , or when the price finds support at the upper trend line .
… the stop loss is placed below the back of the wedge .
… the profit target is measured by taking the height of the back of the wedge and by extending that distance up from the trend line breakout.
… the falling wedge pattern signals a possible buying opportunity either after a downtrend or during an existing uptrend.
… the entry (buy order) is placed when either the price breaks above the top side of the wedge , or when the price finds support at the upper trend line .
… the stop loss is placed below the back of the wedge .
… the profit target is measured by taking the height of the back of the wedge and by extending that distance up from the trend line breakout.