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Bullish falling wedge1/16/2024 Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. They're formed when a market makes an extensive move higher, then pauses and consolidates between converging support and resistance lines. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. A bullish pennant is a technical trading pattern that indicates the impending continuation of a strong upward price move. When the pattern occurs, it can be interpreted as a trend reversal or continuation pattern and can help traders find trading opportunities. More than simply being a reversal pattern, this can also be. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. The falling wedge is a bullish chart pattern that signals a buying opportunity after a downward trend or mark correction. This pattern can appear at the end of a bullish trend as well as at the end of a bearish trend. Consequently any person acting on it does so entirely at their own risk. Now, when you see a price fluctuating between two narrowing descending channels and forming a descending wedge as a result, its an. The falling wedge chart pattern is a strong pattern and can be used for forex trading, crypto trading, and stocks trading. No representation or warranty is given as to the accuracy or completeness of this information. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. This price action forms a descending cone shape that trends lower as the vertical highs and vertical lows move together to converge. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. The falling wedge is a bullish chart pattern that begins with a wide trading range at the top and contracts to a smaller trading range as prices trend down. This information has been prepared by DailyFX, the partner site of IG offering leading forex news and analysis.
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