![]() When it is in a downward trend, it is considered a reversal pattern, because the falling range indicates that the downward trend is losing momentum. ![]() The “downward wedge” pattern – which is obviously more realistic to find in a “bullish” market – is formed when the market makes lower tops and lower bottoms in a range of declines. In an upward wedge, the volume of trades decreases as the width of prices decreases, even though prices rise “in waves”, a sign that demand is weakening, reaching the point of “breakout”.
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