Go back to Part 1: Falling Wedge FormationImportant Characteristics of Falling Wedge PatternExisting Trend:There should be an established existing trend (either uptrend or downtrend). As mentioned before, Falling Wedge, which has a bullish bias, can be categorised as a reversal or continuation pattern.As a reversal pattern, Falling Wedge normally occurs after an established downtrend. The slope of Falling Wedge will be downward, which is in the same direction as the prevailing trend.As a continuation pattern, Falling Wedge occurs after following an uptrend. The slope of Falling Wedge will still be downward, but this slope will be against the prevailing uptrend.Shape of Falling Wedge:* There should be at least 4 reversal points to draw two converging lines, i.e. two successively lower peaks...