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The Falling Wedge Pattern is a trend reversal chart pattern that usually forms after a long period of falling prices. It has two trendlines that slope downwards, with one line acting as resistance (the upper trendline) and the other as support (the lower trendline). The falling wedge pattern is a bullish chart pattern that forms during a downtrend, characterized by downward sloping support and resistance lines. The falling wedge pattern signals a potential reversal when sellers lose momentum and buyers gain control of the market. The falling wedge pattern forms lower lows and lower highs within its converging trendlines. As price movement narrows, the gap between support and resistance lines reflects a decline in selling pressure. The price contraction ... Learn about the Falling Wedge Pattern: Descending Wedge Pattern Types, Their Target, Success Rate, and How to Successfully Trade Downward Wedges. A falling wedge pattern is a bullish chart pattern formation that forms when two declining converging lines connect the lower lows and the lower highs together.
