Trustpilot

Nova Trading | Falling Wedge Pattern (BULLISH)


Today we are discussing another pattern, the falling wedge.

This pattern is another continuation pattern. Meaning it will continue the trend after consolidating in a certain pattern.

The falling wedge is easy to spot because of the accurate trend-line touches while narrowing it's PA (price-action).

Example:

The best moment to enter is when it's most consolidated and reaching for a support/demand area. this is where it has the biggest chance of bouncing. If the bounce has enough volume it might break the overall down-trend line and start another uptrend.

Stop-loss below the lower wick/swing-low should be sufficient.

Take-profit's could be set around the resistance levels shown below:

If you apply all the rules + good risk management, this pattern can bring you crazy profits. 

Join our discord community to discuss and learn more about Day/Swing Trading : https:discord.gg/novatrading

 

See you guys next week!


1 comment


  • cock and ball torture

    Very shit course retard lmao shit stupid donkey


Leave a comment