Bullish Wedge Pattern

A quick and direct explanation of the bullish wedge is that it is a reversal continuation pattern that often indicates smart accumulation by the market before a strong breakout. Its shape is simple: two slanting lines that gradually converge, with the price squeezed between them, after which a breakout occurs. Boom! In business language, the market pressures, and the smart trader watches. When the breakout happens, money moves. How is the bullish wedge formed? Lower highs and lower lows, but at a slower pace. The two lines meet (Convergence). Weak momentum in the downward trend means sellers are getting tired. A breakout upwards with higher trading volume.

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