Descending broadening wedge
Descending broadening wedges are continuation chart patterns formed by a channel that widens and is against the trend. Forex volumes tend to increase during the formation of such a wedge.
A break through the resistance line provides a good signal to trade into a continuation of the trend with a price target equal to the height that separates the pattern's high and low.
A break through the resistance line provides a good signal to trade into a continuation of the trend with a price target equal to the height that separates the pattern's high and low.
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