Falling Expanding wedge The expanding triangle, the lines ar | Coach

Falling Expanding wedge

The expanding triangle, the lines are diverging.

It is considered a bullish chart formation but can indicate both reversal and continuation patterns – depending on where it appears in the trend and where the breakout will occur.

In this example the breakout made to the upside and also which was in a downtrend.

In the case of a Bullish expanding triangle chart pattern, the stop loss should be placed at the previous low of the pattern.

The limitation for the target will be the previous resistance level which was formed before by the price action.

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