Preceding Trend: Up
Time Frame: Daily Chart
Pattern: Falling Wedge Breakout
Bullish Reversal
Observation:
Breakout of down trend line
Closing outside falling wedge
Breakout on decent volumes
15% potential upside from breakout
Pattern fails, if price closes below Falling wedge low
Time Frame: Daily Chart
Pattern: Falling Wedge Breakout
Bullish Reversal
Observation:
Breakout of down trend line
Closing outside falling wedge
Breakout on decent volumes
15% potential upside from breakout
Pattern fails, if price closes below Falling wedge low