Falling Wedge is a Bullish Pattern

The falling wedge forms on the price downside when the rate of decline of the highs is greater than the rate of decline for the lows. Here the highs and the lows tend to converge. The falling wedge is a bullish formation indicating the likelihood of a move to the upside.

The daily closes of Colgate-Palmolive (CL) show a falling wedge followed by a price upside.

Cisco Systems (CSCO) formed a falling wedge and then broke to the upside until it met resistance.

Archer-Daniels-Midland (ADM) formed two falling wedges during a prolonged downside.