The Greedy Trader Weekly Analysis
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Stocks Screener - Falling Channel

Weekly Pattern:Falling Channel
Number of records: 21
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- 9/22/2023 -
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AMT 166.21-7.73%21.7123.05 5 51 3 09/21/23	Bearish  Long Red Real Body
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CAT 273.06-2.18%27.4567.38 7 94 2 Add to Watch List
CHRW 85.93-5.09%29.7423.14 7 42 1 09/22/23	Bearish  Three Black Crows
09/18/23	Bearish  Long Red Real Body
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DAL 37.67-5.59%12.5825.94 7 6 Uptrend Support09/20/23	Bearish  Dark Cloud Cover
09/19/23	Bullish  Piercing Line
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DLR 123.24-4.28%17.0873.27 5 51 1 Downtrend Broken Resist.Add to Watch List
DLTR 104.50-6.99%10.8612.86 4 4 2 Downtrend Exhaustion09/21/23	Bearish  Long Red Real Body
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EVRG 53.61-0.98%47.5223.42 3 43 Add to Watch List
EXR 124.06-3.12%29.9116.22 5 51 3 09/21/23	Bearish  Long Red Real Body
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GL 110.220.29%49.9349.72 11 106 1 Add to Watch List

Channeling Stock - rising channel and falling channel.

Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.

Stock Chart Patterns.

Price chart is the result of activity of all market participants. It reflects periods of high expectations, greed and fear. As most emotional human activities, it presents different patterns. Chart analysis and pattern recognition provide useful information for technical analysis, trend analysis and market timing signals for technical trading. Trendlines and chart patterns can be analyzed in different time frames: from intraday, daily and weekly frames, up to multi-year patterns. It is the best practice to analyze patterns in conjunction with other technical indicators. Each price pattern is formed by several smaller sub waves. At least 3 – 4 sub waves are required to perform a reliable pattern screening. We use minimal required number of sub waves for an earlier pattern recognition screener. On the other hand, pattern formed with more sub waves is more reliable.
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Warning: presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.