Forex Currency Trading
The falling wedge is a bullish pattern
Reverse Symmetrical Triangle (Megaphone Chart Pattern)
A symmetrical traingle breaks out more commonly on the downside than on the upside
When it breaks out on the downside it signals a continuation pattern
When it breaks out on the upside it may be signaling a reversal
In general it is more likely to break out towards the side of the trend that preceded its formation
It is more likely to break out towards the side of the trendline that has been tested fewer times
