The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. - Stockcharts.com
FALLING WEDGE: SPX
DAILY CHART
BOTTOM OF THE BOLLINGER BAND
FALLING WEDGE: SPX
DAILY CHART
BOTTOM OF THE BOLLINGER BAND