Descending wedge patterns is bearish reversal patterns that occur at market tops and bottoms but require a bit of context to understand why. The pattern is bullish if it forms after an extended advance in a strong uptrend, while it’s considered bearish when it …

Aug 19, 2021 · Technical Analysis is about “Market Psychology”. A “descending wedge” or “falling wedge”, indicates a loss of interest in a ticker. But as the wedge is falling, the selling volume will appear to be drying up as well. This pattern comes to a peak as there are just no more sellers left and then often times, you will see a BREAKOUT.

Feb 21, 2017 · The descending broadening wedge pattern can extend for long periods on rising volatility. Because the two “arms” are moving apart there’s no “crossing point” to the pattern like there is with a pennant, a wedge or triangle. This makes it harder to estimate when the pattern might end. Trading the DBW