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Leo524
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#Educational_Post Falling Wedge vs Bearish Pennant ๐ดโโ The falling wedge features two converging trendlines that slope downward, indicating decreasing selling pressure and often signalling a bullish reversal when the price breaks above the upper trendline. ๐ด Conversely, the bearish pennant forms after a significant downward movement and is characterised by converging trendlines that create a small symmetrical triangle. This pattern represents a consolidation phase before the market continues its downward trend upon breaking below the lower trendline. ๐ดWhile the falling wedge suggests a potential bullish move, the bearish pennant indicates a continuation of the bearish trend๐ด
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