It is because Market Cycles that chart patterns appear and not viceversa Falling wedge signify contraction of supply (demand increase as bulls start to accumulate by shorter lower lows {pushing price up} on 26 September , 28 September and 29 September , finally 2 October there is no Lower Low , signyfing even more pressure of bulls and on the same day we have a higher high at the start of the day signifying a temporary strong demand but still unconfirmed. More accumulation (bulls join) one day later on 3 October with a Higher Low but no Higher High. As soon as there is a Higher High above High of 29 Setpember and High of 2 October , Moving Average 50 will start to rise and bulls will win the battle and a Markup Phase (bullish trend) most probable will start.