USTC - Falling Wedges do not have to be in a previous uptrend. Falling Wedges Regardless of the type (reversal or continuation), falling wedges are regarded as bullish patterns. http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:falling_wedge_reversal USTC - does have an Uptrend. Double Bottoms - are Uptrends. A Downtrend - is defined as Lower Lows and Lower Highs. USTC Falling Wedge-Double Bottom bullish patterns http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104470000 http://d.stockcharts.com/school/data/media/chart_school/chart_analysis/chart_patterns/fallingwedge-rdc.png http://stockcharts.com/c-sc/sc?s=USTC&p=D&yr=0&mn=4&dy=0&i=p26054892707&r=1405817302985