Ascending wedge p3/20/2024 ![]() ![]() TradingView detected the pattern and set a price target equal to the length of the wedge’s apex. ![]() TradingView’s powerful pattern recognition algorithms have autodetected this falling wedge pattern. The target of a falling wedge breakout can be calculated by adding the height of the widest part of the wedge to the breakout zone.The pattern is more reliable if the wedge occurs in an uptrend.The pattern breakout is bullish 68% of the time.The falling wedge has a reliability of 74% in testing 1.What invalidates a falling wedge pattern?.What is the failure rate of the falling wedge?.How to measure a falling wedge pattern?.How reliable is a falling wedge pattern?.What is the psychology behind falling wedges?.What are the risks of trading a falling wedge?.What are the benefits of trading falling wedges?.How do you target stop losses in descending wedge patterns?.What is the success rate of a falling wedge?.How accurate is a falling wedge pattern?. ![]()
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