2/19/2024 0 Comments What is a falling wedge patternBy understanding and trading the rising wedge pattern, traders can potentially profit from the subsequent downtrend. Traders can take advantage of this pattern by placing entry orders to short the pair when the price breaks below the trend line. When a rising wedge forms after an uptrend, it often signals a bearish reversal pattern. It features upward sloping support and resistance lines, with higher lows forming faster than higher highs.
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