Bear Wedge Technical Analysis in a Bearish Market

Thus, we expect a price breakout from the wedge to the upside. The pattern typically forms after a sustained uptrend, indicating potential exhaustion among buyers. Both support and resistance trendlines are upward sloping, but they converge as the pattern matures, creating a wedge shape. A decrease in trading volume as the pattern progresses can serve as additional confirmation of an impending...

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