Replies to post #47414 on Short Term Trading Member Forum

[techcharter]

"Falling Wedge"

I took the time to read the examples at the link provided. From an E-wave point of view, the examples of falling wedges have different meanings.

An e-wave triangle means larger degree trend continuation as wave 4 in a bull market, or as wave b in a zigzag bounce.

An e-wave ending diagonal means larger degree trend reversal as wave 5 in a bear market, as wave c in a zigzag pullback, or wave c flat in a bull market correction.

Knowing the different e-wave meanings for wedge patterns helps traders to anticipate the market direction, timing, and strength.