falling wedge

13 янв.

If a price breaks out of a falling wedge pattern upward, it is generally considered a bullish signal in technical analysis. This breakout suggests that the downward trend is likely coming to an end, and there could be a potential upward movement in the price. Traders often see this as an opportunity to enter a long position, expecting the price to continue rising after the breakout. However, it's essential to consider other indicators and factors before making trading decisions based solely on one pattern.