![]() ![]() Once the requirements are met, and there is a close above the resistance trendline, it signals the traders the look for a bullish entry point in the market. These include understanding the volume indicator to see the volume has increased on the move up. In addition, certain conditions must be met before the trader should act. Here traders can use technical analysis to connect lower lows and lower highs to make the following wedge pattern. The falling wedge pattern can be an excellent means to identify a reversal in the market. Volume: The volume tends to decline during the formation and increase on the breakout.Measuring: the project target price for the falling wedge pattern is the highest high at the beginning of the formation. ![]()
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