📉 Falling Wedge Pattern Explained – A Powerful Reversal Signal! 🔥
The Falling Wedge pattern is a bullish formation that signals a potential price breakout to the upside. It is characterized by:
✅ Downward-sloping trendlines – Both support and resistance lines converge as price moves lower.
✅ Decreasing volume – Shows weakening bearish momentum.
✅ Breakout confirmation – When price breaks above the resistance line with increased volume, a strong uptrend follows!
🔍 How to Trade the Falling Wedge:
1️⃣ Identify the pattern in a downtrend.
2️⃣ Wait for a confirmed breakout above resistance.
3️⃣ Enter a long position with a stop-loss below the recent low.
4️⃣ Target previous resistance zones for profit-taking.
🚀 Master this pattern and improve your trading success! Keep learning with Ravana Master Trading for more expert insights! 🔥
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