Definition: A falling wedge usually forms during a pullback in an uptrend. It is considered a bullish reversal or continuation pattern.
Confirmation: Price breaks above the upper trendline of the wedge with volume (or momentum indicators like MACD/RSI support it).
Chart Analysis:
White lines show a falling wedge.
Breakout has occurred to the upside.
RSI is moving up and MACD is showing bullish momentum.
🎯 Target Calculation:
Falling wedge target is typically estimated by measuring the height of the wedge (from top to bottom at the widest part) and adding it to the breakout point.
📏 Estimation from Chart:
Top of Wedge ≈ $3.73 Trillion
Bottom of Wedge ≈ $2.53 Trillion
Height = 3.73T - 2.53T = 1.2 Trillion
Breakout Level ≈ $3.0T (approx)
🎯 Target = Breakout point + Height
= 3.0T + 1.2T = 4.2 Trillion USD
Confirmation: Price breaks above the upper trendline of the wedge with volume (or momentum indicators like MACD/RSI support it).
Chart Analysis:
White lines show a falling wedge.
Breakout has occurred to the upside.
RSI is moving up and MACD is showing bullish momentum.
🎯 Target Calculation:
Falling wedge target is typically estimated by measuring the height of the wedge (from top to bottom at the widest part) and adding it to the breakout point.
📏 Estimation from Chart:
Top of Wedge ≈ $3.73 Trillion
Bottom of Wedge ≈ $2.53 Trillion
Height = 3.73T - 2.53T = 1.2 Trillion
Breakout Level ≈ $3.0T (approx)
🎯 Target = Breakout point + Height
= 3.0T + 1.2T = 4.2 Trillion USD
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.