Falling wedge in a downtrend - reversal pattern - buying opportunity - break of upper resistance line.
take high of pattern, low of pattern. (high-low) is target ( from the break point ).
SL below bottom support.
Falling wedge in a uptrend - is a continuation pattern.
Rising wedge in a uptrend - reversal pattern - selling opportunity - break of lower resistance line.( same numbers as above ).
take high of pattern, low of pattern. (high-low) is target ( from the break point ).
SL above top support.
Rising wedge in a downtrend - is a continuation pattern
IMPORTANT:
1. Wait for the wedge to break to trade.
2. Look for "declining volumes" for uptrend break.
3. Look for "rising volumes" for downtrend break.
Video on Falling Wedge