FALLING WEDGE PATTERN ON ARBUSDT
2024-12-19
Category: None

This chart pattern can be formed after either an uptrend or a downtrend. Bears make the first move by creating a resistance and pushing the exchange rate downwards. As bulls try to fight back, it looks like the bears have the upper hand as lower highs and lower lows are being formed. However, bulls suddenly start an uptrend by breaking the wedge's upper border resistance that was created by the bears.
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