A good way to trade a chart pattern such as a falling wedge, is to wait
for the price to reach around the zone of support. That will indicate the end of the pattern and will give the best
possible entry. To have confirmation of this, make sure that you are looking at the volume. When the end of the
the falling wedge approaches the previous resistance turned-into-support, you should see volume coming inside
the market to push the price higher. One key thing you must understand is that when resistance lines are
crossed, they become new support and the cycle repeats until the trend break.
for the price to reach around the zone of support. That will indicate the end of the pattern and will give the best
possible entry. To have confirmation of this, make sure that you are looking at the volume. When the end of the
the falling wedge approaches the previous resistance turned-into-support, you should see volume coming inside
the market to push the price higher. One key thing you must understand is that when resistance lines are
crossed, they become new support and the cycle repeats until the trend break.
LUIS
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
LUIS
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.