Technically, price can throwback to $1.99 USD, the ultimate target price, but $.58 to $.78 is more probable. Bulkowski states Falling Wedges often result in throwbacks of only 62% target price.
Note: Falling Wedges typically breakout at about 60% of the Wedge’s length from start to end. That is not the case here.
Note: Falling Wedges typically breakout at about 60% of the Wedge’s length from start to end. That is not the case here.
