FALLING WEDGE PATTERN
       The falling wedge is a bullish pattern. Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. In general, a falling wedge pattern is considered to be a reversal pattern, although there are examples when it facilitates a continuation of the same trend. 
       When a price of security has been falling over time, a wedge pattern can occur just as the trend makes its final downward move. The trend lines drawn above the highs and below the lows on the price chart pattern can converge as the price slide loses momentum and buyers step in to slow the rate of decline. Before the lines converge, the price may break above the upper trend line.
When the price breaks the upper trend line, the security is expected to reverse and trend higher. Traders identifying bullish reversal signals would want to look for trades that benefit from the stock or security price will move up.

Image of a falling wedge pattern

Hence there are three key characteristics of a falling wedge pattern:
1 The price action temporarily trades in a downtrend (the lower highs and lower lows)
2 There are two trend lines (the upper and lower) that are converging;
3 There is an increase in volume as the channel progresses.

What is Entry & Stop Loss?
We have to enter after the breakout with a strong green candle and our stop loss should be low of the breakout candle. The profit target is measured by taking the height of the back of the wedge and extending that distance down from the trend line breakdown.