Falling Wedge - Buy Breakout of Structure

Falling wedge is generally a bullish pattern signaling that we will likely see the price break upwards throught the wedge and move into an uptrend. The trend lines of this pattern converge, with both being slanted in a downward direction as the price is trading in a downtrend.

Target marked in YELLOW.

Trade ist aktiv

Trade geschlossen: Ziel wurde erreicht:

Target reached and trade closed