The Greedy Trader Weekly Analysis
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Stocks Screener

Monthly Pattern:Falling Wedge
Number of records: 44
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- 11/24/2023 -
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ADI 183.050.0086.3153.42 10 93 2 Downtrend Broken Resist.Add to Watch List
ALLE 105.04-1.23%68.2237.51 8 101 Downtrend Broken Resist.11/22/23	Bullish  Harami Cross
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AMCR 9.36-0.11%76.9846.94 6 82 Downtrend Broken Resist.Add to Watch List
ANSS 297.90-0.52%75.0642.65 10 100 2 Downtrend Broken Resist.Add to Watch List
BA 220.005.75%91.5453.35 8 109 1 Downtrend Broken Resist.11/20/23	Bullish  Long White Real Body
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BKLN 20.89-0.81%42.0538.75 3 Downtrend Broken Resist.Add to Watch List
C 45.23-0.29%84.6958.78 11 76 1 Downtrend Broken Resist.Add to Watch List
COO 339.340.66%66.1941.12 4 16 Downtrend Broken Resist.Add to Watch List
CSCO 48.361.26%26.5223.40 10 87 2 Add to Watch List
CSX 32.643.23%91.9958.30 8 85 Downtrend Broken Resist.11/22/23	Bearish  Deliberation
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Chart Analysis and Chart Pattern Recognition – Falling Wedge Pattern.

A falling wedge pattern is a triangle formation with noticeable slant to the downside. It represents the loss of the downside momentum on each successive low and has a bullish bias. The falling wedges pattern usually marks a reversal in a downtrend. In an uptrend, the falling wedge pattern is considered as a continuation pattern. As with other triangle formations, volume usually diminishes as price rise and then increases during the breakout.
Falling Wedge Screening page presents a list of stocks forming Falling Wedge Pattern.
# 1
To confirm the loss of the downside momentum at the reversal point, see bullish divergence on technical indicators.
# 2 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.

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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.