Descending Wedge in a downtrend bullish

This formation occurs when the stope of the price candle high and lows soin at a point forming a declining wedge. The stope of both lines is down with the upper line being steeper than the lower one. To trade this pattern, pace an order on a break up and out of the wedge.

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Ascendingi Wedges

lopen: 119.14 |Close: 119.34 Low: 119.11 High: 119.37

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tll File - View Chart Indicators Tools Window

EURUSD15

Last Bid

DescendngiWedge

0075

0070

0060

0050

0045

0040

0035

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0000

0.9990

0.9980

0.9970

0.9960

0.9950

0.9940

07:15 AM Nov 06 10:45 AM Nov OB 02:15 PI For Help, press Fl lift Start] i & S£| M @ @ ü m "

5 PM Nov 06 09:15 PM Nov 06 12:45 112: OO: OO AM NOV 07, 2002 |0.9984 ssenger | >fq FX Trading Station | [j;

04:15 AM Nov 07 07:45 AM Nov 07 11:15 AM N 1.0047 Iclose: 1.0043 iLow: 1.0043 iHigh: 1.0047

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