the falling wedge serves as a reversal signal.
After a downtrend, Notice how the falling trend line connecting
the highs is steeper than the trend line connecting the lows
Upon breaking above the top of the wedge, the pair made a nice move upwards
that’s approximately equal to the height of the formation.
After a downtrend, Notice how the falling trend line connecting
the highs is steeper than the trend line connecting the lows
Upon breaking above the top of the wedge, the pair made a nice move upwards
that’s approximately equal to the height of the formation.