bandhan bank :
a. The falling wedge pattern is a continuation pattern .
b. these patterns are formed when price bounces between two downward sloping converging trendlines .
c. with lower lows and lower highs
d. this pattern is considered as bullish chart formation ,
e. but some times can indicate both reversal and continuation patterns – it depends on where it appears in the trend.
f. trade should be taken when price breakout happens at upper resistance trendline with volume .
g. keeping lower trendline support price as stop loss
trade set up / technical shown in charts .....
a. The falling wedge pattern is a continuation pattern .
b. these patterns are formed when price bounces between two downward sloping converging trendlines .
c. with lower lows and lower highs
d. this pattern is considered as bullish chart formation ,
e. but some times can indicate both reversal and continuation patterns – it depends on where it appears in the trend.
f. trade should be taken when price breakout happens at upper resistance trendline with volume .
g. keeping lower trendline support price as stop loss
trade set up / technical shown in charts .....
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