What Happens in Gold Trading after a Falling Wedge Chart Pattern?
A Falling wedge pattern is a bearish continuation pattern - This is a market signal which displays the current trend is taking a pause before resuming the current downwards direction of the market gold.
If the Falling wedge downwards continuation pattern forms it signals which the market is taking a pause before resuming the current downwards trend. The Falling wedge continuation pattern in a downwards trend is known as a falling wedge which signals that the price is consolidation but keeps moving lower and lower forming a pattern that looks like a falling wedge. Traders should await for confirmation of the Falling wedge chart setup before opening a trade transaction based on this bearish continuation chart pattern. Once there is a price breakout to the downside then the Falling wedge continuation pattern is confirmed & prices will then continue to move in the direction of the current downwards trend.
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