Stocks with Falling Wedge Pattern
↑ BullishThe Falling Wedge is a bullish pattern where both the support and resistance lines slope downward, but the support line falls at a steeper angle, causing the lines to converge. Despite the downward slope, this pattern typically resolves with an upside breakout.
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Frequently Asked Questions
Why is a Falling Wedge bullish?
Although the price is moving lower, the narrowing range shows that selling pressure is diminishing. The converging lines indicate that sellers are losing momentum, and a breakout above the upper trendline signals a reversal.