Dear Friends,
How I see it:
Falling wedge pattern signals "EXHAUSTION".
It is in my opinion, one of the strongest reversal patterns.
In this case a "BULLISH REVERSAL" is a high probability.
A breakout and retest will confirm the reversal.
A series of HIGHER LOWS in demand zone also signals a possible reversal.
It is yet to be confirmed...
Thank you for taking the time to study my analysis.
How I see it:
Falling wedge pattern signals "EXHAUSTION".
It is in my opinion, one of the strongest reversal patterns.
In this case a "BULLISH REVERSAL" is a high probability.
A breakout and retest will confirm the reversal.
A series of HIGHER LOWS in demand zone also signals a possible reversal.
It is yet to be confirmed...
Thank you for taking the time to study my analysis.
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