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Descending Wedge Chart Pattern. [ Ссылка ] PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! What is it all about, how is the descending wedge chart pattern formed and how do you recognise it? Aka as Falling Wedge Chart Pattern. You can practically use this pattern for any timeframe although it would make more sense for swing traders. We have a bearish price action - represented by lowers highs and lower lows but the lower trendline lows are not as steep as the trendline on the highs. The theory behind this is that the supply/demand is shifting but its shifting sooner and momentum may be running out for the bears. The descending wedge pattern itself is considered a bullish pattern.
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