First off… Wedgie less on says this about a Downward Wedge:
"Just like the rising wedge, the falling wedge can either be a reversal or continuation signal.
As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next." (OK so far, but then in relation to an image of candles in BEARISH trend pattern, the explanation goes on…:
“As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume. Unlike the rising wedge, the falling wedge is a bullish chart pattern.”
Second question: Uumm I see something very different on that image to this…:
“In this example, the falling wedge serves as a reversal signal. After a downtrend, the [B]price made lower highs and lower lows”[/B].
Not sure if I have earned by pips to insert a link or image yet… but here’s my effort / test at giving the link to this FALLING WEDGE
What am I missing here? I would not know where to start in terms of drawing this indicator… Any other useful links to look at? Thanks :45: