The Greedy Trader Weekly Analysis
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Stocks Screener

Quarterly Pattern:Falling Wedge
Number of records: 20
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- 5/31/2024 -
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AAL 11.50-16.91%10.7029.91 7 75 3 Add to Watch List
AEP 90.251.44%26.8571.57 12 113 1 Downtrend Broken Resist.05/31/24	Bullish  Long White Real Body
05/30/24	Bullish  Ladder Bottom
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CHTR 287.125.77%59.4244.65 10 33 3 Downtrend Broken Resist.Add to Watch List
EQR 65.03-1.02%31.7964.88 8 106 1 Downtrend Broken Resist.05/30/24	Bearish  Downside Tasuki Gap
05/29/24	Bullish  Hammer
05/28/24	Bearish  Long Red Real Body
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HAS 59.78-1.45%44.6064.31 1 103 2 Add to Watch List
HBI 5.120.0055.2042.55 1 27 1 05/29/24	Bullish  Meeting Lines
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HOG 35.881.90%52.5831.90 1 21 2 Downtrend Broken Resist.05/30/24	Bullish  Long White Real Body
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ILMN 104.28-2.07%18.6617.37 2 55 1 Add to Watch List

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.

The price chart is the result of the activity of all market participants. It reflects periods of high expectations, greed and fear. As with 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 subwaves are required to perform a reliable pattern screening. We use a minimal required number of sub waves for an earlier pattern recognition screener. On the other hand, a pattern formed with more subwaves 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.