Chart pattern · Reversal · Bullish
What is it, in one line
Two falling trendlines that converge, with price making lower highs and lower lows at a narrowing rate.
Bullish · Reversal · verdict: Traditional claim, not yet measured here
Two falling trendlines that converge, with price making lower highs and lower lows at a narrowing rate.
Method
Conventional target: An upside break projects a rise back to the wedge’s starting point.
Invalidated by: A close back below the lower trendline invalidates the pattern.
Traditional claim, not measured
This is the standard technical-analysis interpretation. It has not been tested against our dataset the way the candlestick formations have.