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Questions and Answers
What is a falling wedge pattern?
What is a falling wedge pattern?
- A chart pattern characterized by a horizontal range
- A chart pattern characterized by higher highs and higher lows with a contracting range
- A chart pattern characterized by a sudden drop in price
- A chart pattern characterized by lower lows and lower highs with a contracting range (correct)
What does a falling wedge pattern indicate when found in a downtrend?
What does a falling wedge pattern indicate when found in a downtrend?
- A horizontal trend
- A reversal of the downtrend (correct)
- A continuation of the downtrend
- A bullish pattern
What happens after prices move out of the boundary lines of a falling wedge pattern?
What happens after prices move out of the boundary lines of a falling wedge pattern?
- Prices continue to move downwards
- Prices fluctuate randomly
- Prices move upwards in a straight line
- Prices move sideways and saucer-out before resuming the basic trend (correct)
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