🟡 What is a Falling Wedge?
A Falling Wedge is a bullish reversal pattern. This means that even though the price has been gradually declining over a period of time (downtrend), a breakout from this pattern often signals a potential upward movement.
🔍 Chart Analysis:
The pattern is drawn using two yellow trendlines.
The price has been decreasing slowly, and at the same time, volatility has also reduced.
Toward the end of the pattern, the price has broken out upward.
A potential move of over 150% is indicated as the target.
