Rising and Falling Wedges

	Triangles		Symmetrical broadening wedge
	Wedges		Broadening wedges
	Flags and pennants		Right-angled broadening wedge
	Head and shoulders		Double (or triple)  tops (or bottoms)
	Rectangles		Cup with handle

The wedge is formed by a channel that narrows in the direction of the trend. It is a reversal pattern that suggests that the forex trend is weakening, as it is characterized by a progressive reduction in the amplitude of the waves and the transaction volume.

The break of a support line provides a good signal to trade on a retracement with a price target at the top of the first wave for a falling wedge or at the bottom of the trough for a rising wedge.