For example, we need to make sure that latest peak provide sufficiently high chance for the turning point. Next, we need to check some evidence to confirm the validity of current peak. Then make sure that current price is inside the rising wedge pattern.įigure 4.6-5: Falling Wedge pattern detected in EURUSD H4 timeframe Firstly, we will recognizing the Rising Wedge pattern by detecting ascending support and resistance with the gradually decreasing volatility. Now consider the example of rising wedge pattern. Make sure that the chance for reversal is low at the breakout point on the Falling Wedge pattern.
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