Falling Wedge Pattern Explained

It is a continuation pattern that appears in an uptrend. It resembles a symmetrical triangle in its formation, but it is slightly tilted downward and takes a longer time to form

Pattern Shape:

Pattern Formation Stages:

A weak downward movement occurs after a sharp uptrend
The price forms lower highs and lower lows, but each movement is weaker than the previous one, indicating weakening selling pressure
After breaking the descending trendline within the pattern, the price continues the upward trend

Utilizing the Pattern:

Buy after breaking the descending trendline

Pattern Target:

Measure the vertical distance from the widest part of the wedge, then project the same distance from the breakout point

Conclusion:
It is a continuation pattern that appears in an uptrend, reflecting weakening downward movements before the price resumes its upward direction