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The Falling Wedge: One of my favorite bullish reversal patterns. It shows that while bears are still in control, they are losing their grip. When the price gets squeezed between these two narrowing trendlines, look for the breakout! The tighter the wedge, the bigger the move. #TradingStrategy #Investing #DayTrading #spidersoftware | Spider Software - Algo Trading & Technical Analysis Platform
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The Falling Wedge: One of my favorite bullish reversal patterns. It shows that while bears are still in control, they are losing their grip. When the price gets squeezed between these two narrowing trendlines, look for the breakout! The tighter the wedge, the bigger the move. #TradingStrategy #Investing #DayTrading #spidersoftware | Spider Software - Algo Trading & Technical Analysis Platform
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AccuTrader | Trading Journal on Instagram: "Important notes to consider ↓ A rising wedge pattern after a *downtrend* typically signals a potential continuation of the bearish momentum. First, identify converging trendlines with the price making higher highs and higher lows, but narrowing as it progresses. This contraction suggests a weakening in buying force and a potential breakdown ahead. Monitor the lower trendline closely; a bearish breakout below this line confirms the potential pattern. An
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