^PSEi: Falling Wedge

I'm looking at short-term chart of ^PSEi and it seems to form a falling wedge. I'm not sure but for what I know since it cames from downtrend and wedge is pointing down, then this will continue to go down.

I still need to find out if this is indeed a case for a wedge or it's just plain bullish for falling wedge regardless of what's the prior trend.