What is a Falling Wedge?
Falling Wedge Definition:
In Technical Analysis, a falling wedge is a bullish continuation chart pattern where the price temporarily corrects within a converging and downward sloping support and resistance levels after marking a high. A breakout occurs when the price moves above the downward sloping resistance. Here, a price target is usually set by projecting the length of the base of the wedge from the point of breakout.