CBOE Education daily chart
I just realized something crazy about a week ago. It also kinda makes sense though. If you know about this already than good for you but I haven’t heard people talking much about it so I’m pretty sure that this will be helpful to quite a lot of people.
If a bullish ascending triangle creates a false breakout than it becomes a falling wedge (which is a bearish pattern).
This might not always be the case but from my understanding, this is what happens most of the time.
If a bullish ascending triangle creates a false breakout than it becomes a falling wedge (which is a bearish pattern).
This might not always be the case but from my understanding, this is what happens most of the time.
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