Interested to hear your thoughts, Dr, as I’m not a TA person myself as yet; still in the early learning phases.
But referrring to some examples it does seem to appear that this could be emerging as a falling wedge.
“The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias. However, this bullish bias cannot be realized until a resistance breakout.”
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Interested to hear your thoughts, Dr, as I’m not a TA person...
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