Falling Wedge Pattern

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Dear Bear-traders: The earth turns, but we don't feel it move!

Dear Bull-traders: It is the result of my efforts to offer a simple, clear, and correct (I hope) presentation.

1- Falling Wedges are Bullish Patterns. It is formed by two converging bearish lines.

2- The higher than average volume helps confirm the breakout.

3- To confirm a real breakout, we can take the help of RSI and other indicators.

4- The steeper the falling wedge’s trend lines, the more severe the upward breakout.

5- The breakout point generally occurs at 60% of the length of the falling wedge.

6- Wide falling wedges give better performance than narrow falling wedges

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