Descending wedge stock pattern
Wedge patterns. The wedge pattern can be either a continuation or reversal pattern. It seems to be much like a symmetrical triangle, but it slants (up or down), whereas the symmetrical triangle generally shows a sideways movement. In addition, the wedge forms over a longer period of time (typically three to six months). Gap patterns Wedges are repeatable trading chart patterns. Wedges are a form of Triangle chart pattern and will have a specific directional breakout bias. A descending wedge has a bullish long breakout bias. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.