#planck
Falling Wedge (Descending Wedge) - Strong Bullish Reversal Pattern
Main Features:
· Lower highs and lower lows
· Gradual contraction of trading range
· Convergence of support and resistance lines
Valid Conditions:
· At least 3 touches on each trend line
· Both lines sloping downwards
· The longer the pattern formation period, the stronger the breakout
Trading Strategy:
1. Entry after resistance break
2. Target price: Maximum height of the pattern
3. Stop loss: Below the support line
Result: A strong bullish reversal signal indicating exhaustion of selling pressure
PLANCK
Alpha
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