Falling Wedge
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The Falling Wedge Pattern in a bullish formation.
When price consolidates in a falling wedge pattern, it finds both support and resistance from downward-sloping trendlines.
As the price range tightens and volatility dies down, a new trend and spike in volatility often follow.
The expectation for a falling wedge is for price to break to the upside as it nears the point of the wedge.
After the break of structure, there is often a retest of the previous resistance level (trendline) before a continuation of the uptrend.