The breakout signals that bulls have taken control over bears and that the downside pressure has been broken. The price breaks above the upper trendline and should continue rising as buyers take control. The price movement of the pattern consists of lower highs and lower lows, with prices generally trending downwards in a narrow range. The falling wedge is a bullish chart pattern that indicates increasing buying pressure. Falling Wedge Chart Pattern With Target MetĪuto-detect this Chart Pattern with TradingView What the Falling Wedge Indicates The target was flagged green once the target was achieved. TradingView detected the pattern and set a price target equal to the length of the wedge’s apex. TradingView’s powerful pattern recognition algorithms have autodetected this falling wedge pattern.
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