The descending wedge or wedge is a bullish pattern bassist (provides for upward movements) primarily turnaround (appears during a downtrend). The formation of this chart pattern begins with a broad figure that tapers as the currency pair’s price lowers forming a cone or wedge downward sloping due to converging lines connecting peaks and troughs that are formed by price action. The upper band of the wedge represents a line of resistance that will break buy signal. Descending wedge …
