Eventually, when the pattern breaks out above the falling wedge pattern’s resistance line, the bulls have triumphed, and a potential bullish reversal unfolds. Falling Wedge Seen During an Uptrend ...

Over time, the candlesticks group into recognizable patterns that investors can use to make buying and selling decisions. Key Takeaways Candlestick charts are useful for technical day traders to ...

The oldest patterns in this line date back to the 1930s, and many of these very old ones don't involve a famous designer.

The Bottom Line . The double-top pattern is interpreted by traders and analysts as a bearish indicator. It implies that the upward trend has slowed down and that a price decrease is more likely.

Pattern Energy Group 2 LP announced it acquired two New Mexico development assets from Clean Line Energy Partners: a transmission line and a wind project.