What is a descending broadening wedge chart pattern?

Downward breakouts favor a rising volume trend and upward breakouts show better performance when volume trends downward throughout the pattern. The breakout direction is upward 72% of the time. Pullbacks hurt performance. Throwbacks see no performance difference. More The above figure shows an example of a descending broadening wedge chart pattern.

What is an ascending broadening wedge?

(Educational, Example) An ascending broadening wedge is a bearish chart pattern (said to be a reversal pattern). It is formed by two diverging bullish lines. An ascending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines. The upper line is the resistance line; the lower line is the support line.

How do you know if a descending broadening wedge is valid?

A descending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines . The upper line is the resistance line; the lower line is the support line. Each of these lines must have been touched at least twice to validate the pattern.