TTThis is a bullish (falling) wedgeIt does not look much like...

  1. 2,829 Posts.
    TT

    This is a bullish (falling) wedge

    It does not look much like your lines, which look more like a symmetric triangle.

    There is however, a bit of a problem with that top line. Generally speaking we do not use lines which have only 1 touch, unless they are parallel to the other line. 2 touch's is generally the minimum, and 3 is preferred.

    But dont be discouraged, have another go. It is always better to find out there s a problem with you analysis on paper, without losing money.

    and make sure you keep a link to investopedia. It is your best friend.
 
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