The Greedy Trader Weekly Analysis
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Quarterly Pattern:Broadening Descending Wedge
Number of records: 22
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- 5/19/2023 -
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BKR 28.171.84%46.3440.18 1 27 1 05/19/23	Bearish  Meeting Lines
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BMY 65.84-3.26%24.2031.27 9 79 2 Add to Watch List
C 45.710.57%48.4445.34 3 40 05/19/23	Bearish  Three Inside Down
05/18/23	Bearish  Harami
05/17/23	Bullish  Long White Real Body
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CE 107.386.54%77.7638.38 4 66 3 Add to Watch List
COF 97.9313.42%79.9739.24 3 33 3 05/18/23	Bullish  Long White Real Body
05/16/23	Bearish  Long Red Real Body
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CSX 32.311.54%78.3675.28 8 77 1 Downtrend ResistanceAdd to Watch List
CTVA 56.97-0.09%28.4134.37 4 12 2 Add to Watch List
DD 66.754.67%60.5032.61 4 66 Add to Watch List
DFS 100.745.79%67.6740.38 3 33 1 Add to Watch List
Chart Analysis and Chart Pattern Recognition – Broadening Formations
Broadening Formations, including Broadening Ascending Wedge, present inverted triangle patterns. They start with narrow fluctuations, and then widen out between diverging boundary lines. The pattern, where one of the boundary lines is horizontal, is referred to as a right-angled formation. Broadening formations usually mark the reversal when confirmed by other technical indicators.
Broadening formations Screening page presents a list of stocks forming Broadening formation Pattern.
# 1
As a reversal formation, Broadening formation Pattern appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators. This situation usually generates divergence on long-term indicators.
# 2 For the best results, chart patterns and trend resistance support 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.
Pattern screener - chart analysis and stock chart pattern recognition with chart patterns screening.
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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.

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