The falling wedge (also known as the descending wedge) is a useful reversal and continuation pattern. Learn how to spot the falling wedge and how to trade it.
Traders can look to the starting point of the descending wedge pattern and measure the vertical distance between
. Then, superimpose that same distance ahead of the current price but only once there has been a breakout. The top end of the line will be the target.Traders can make use of falling wedge technical analysis to spot reversals in the market. The chart below presents such a case, with the market continuing its downward trajectory by making new lows. Price action then start to trade sideways in more of a consolidation pattern before reversing sharply higher.to connect the lower highs and lower lows to make the pattern easier to spot. A break and close above the resistance trendline would signal the entry into the market.
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