📉 Descending and Ascending Wedge: Simply the Main Points

A wedge is a chart pattern where the price narrows between converging trend lines:

-Upper line — resistance

-Lower line — support

🔻 Descending Wedge (Falling Wedge)

-Lines are directed downwards

-Price is decreasing, but the fluctuations are narrowing

-Volumes are decreasing

📈 Signal: bullish — growth is possible

Often appears:

-After a decline — reversal signal

-In an uptrend — correction before continuation

🔺 Ascending Wedge (Rising Wedge)

-Lines are directed upwards

-Price is increasing, fluctuations are narrowing

-Volumes may be decreasing

📉 Signal: bearish — decline is possible

Often appears:

-In a decline — correction before a new decrease

-After an increase — reversal signal

💡 Tips:

Wait for a breakout confirmation

Consider the volumes

Use additional indicators (RSI, MACD, etc.)