The falling wedge continuation will still slope down, but the slope will be against the prevailing uptrend. As a reversal pattern, the falling wedge slopes down and with the prevailing trend. Regardless of the type (reversal or continuation), falling wedges are regarded as bullish patterns.
1. Prior Trend: To qualify as a reversal pattern, there must be a prior...
GOLD's melting point is 1064 C ...so is does melt
Yes, GOLD broke out of a major triangle and put on the glorious shine.
But it certainly feels overheated now with momentum running little out of steam, produced a rising wedge formation
accompanied with a negative divergence.
The trend is up and could make another new high in this move, but this only means the...
