Falling wedge pattern: A falling wedge pattern is a bullish

A falling wedge pattern is a bullish chart pattern formation that forms when two declining converging lines connect the lower lows and the lower highs together. The Falling Wedge Pattern is a trend reversal chart pattern that usually forms after a long period of falling prices. It has two trendlines that slope downwards, with one line acting as resistance (the upper trendline) and the other as support (the lower trendline). A falling wedge pattern is seen as a bullish signal as it reflects that a sliding price is starting to lose momentum and that buyers are starting to move in to slow down the fall. Learn about the Falling Wedge Pattern: Descending Wedge Pattern Types, Their Target, Success Rate, and How to Successfully Trade Downward Wedges.