Falling Wedge Pattern Video: A Good Pattern to Trade?
Research Performed With TrendSpider
The falling wedge pattern is a bullish chart formation in technical analysis. It occurs when the price consolidates between two descending trendlines.
Research shows that this pattern boasts a 74% success rate in bull markets, with an average potential profit of +38%.
When applied correctly, the descending wedge is a relatively reliable pattern that can enhance trading results. Mastering the identification and proper trading of this pattern is crucial to maximizing potential profits.
Did you know TrendSpider can automatically detect chart patterns for you?
Read the full article here: How to Trade a Falling Wedge: A 74% Chance of a 38% Profit!
My favorite trading tools are TrendSpider and TradingView. This research was performed with TrendSpider, but TradingView is also excellent.
| Ratings | TrendSpider 4.8/5.0 | TradingView 4.7/5.0 |
| Features | Charts, Watchlists, Screening | Charts, Trading, News, Watchlists, Screening |
| Unique Features | Real AI, Pattern Recognition, Best Backtesting, Auto-trading, News Scanner | 20 Million User Community, Backtesting, Bots, Global Data |
| Best for | Stock, Options, Fx & Crypto Traders | Stock, Fx & Crypto Traders |
| Free Plan | ❌ | TradingView Free |
| Free Trial | Free 7-Day | Free 30-Day |
| Discount | Use Code "LST30" for -30% on monthly or -63% off annual plans | $15 Discount Available + 30-Day Premium Trial |
| Price | $107/m or $48/m annually | Free or $59/m or $49/m (-16%) annually |
| Markets | USA | Global |
| Full Review | TrendSpider | TradingView |