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Symmetrical triangle abev

The Symmetrical Triangle

The Falling Wedge is a bullish chart pattern that is formed with a wide formation at the top and contracts as the pattern matures. The overall price action forms a down-sloping wedge as the support and resistance trend lines converge.

How to Trade the Falling Wedge Pattern

The Ascending Broadening Wedge is a common chart pattern that I love to trade. Contrary to the Rising Wedge, in which price action contracts as the pattern matures, the Ascending Broadening Wedge widens as the two trend lines that have formed diverge from one another.

Ascending Broadening Wedge

Symmetrical triangle price target

The Symmetrical Triangle