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Falling wedge- concept

27/10/2009 by admin

a bullish pattern that begins wide at the top and contracts as the prices falls down . This price action forms a cone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias. However,  until a resistance breakout this bullish … [Read more...]

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