This pattern confuses beginners đł â The falling wedge pattern resembles the triangle pattern, so novice traders often make mistakes when opening trades. â The main difference between a falling wedge and an ascending or descending triangle is the downward movement of support and resistance lines, while a triangle has a clear horizontal line of support or resistance. â As part of risk management, price movement must be defined as the height of the wedge itself. However, with a massive increase in trading volumes, quotes may go even higher. â You can see an example of the falling wedge in the 15-minute Apple Inc stock chart. â The picture shows that the price was gradually decreasing after the main bullish trend, while the lows and highs of the price were declining. â After the narrowing of the trading channel, there was an impulse breakdown of quotes upwards. â After waiting for the re-testing of the broken resistance level, we could open a buy trade with the target higher by the level of the falling wedge height. â Stop loss in this case should be set at the lower border of the trading channel. Follow our blog for more useful information: http://amp.gs/jxnZw