The Greedy Trader Weekly Analysis
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Yearly Pattern:Rising Wedge
Number of records: 20
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- 5/19/2023 -
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AFL 66.881.16%37.1056.00 3 59 Add to Watch List
ALB 204.154.27%83.6431.28 4 66 1 Downtrend Broken Resist.Add to Watch List
BSX 53.640.56%75.3782.00 9 97 2 Add to Watch List
CAH 85.931.37%79.5982.09 9 79 2 Add to Watch List
CMS 58.63-5.01%18.4646.37 6 62 1 05/16/23	Bearish  Long Red Real Body
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DOW 51.95-0.69%27.3038.65 4 42 1 Uptrend SupportAdd to Watch List
FANG 130.221.73%30.8944.40 1 51 3 Add to Watch List
FE 37.76-4.31%24.7434.50 6 71 1 05/16/23	Bearish  Long Red Real Body
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How to Trade Rising Wedge Chart Pattern

Rising Wedge Chart PatternA Rising Wedge (or Ascending Wedge) pattern is one of the most reliable, low-risk, and high-reward chart pattern. A Rising Wedge pattern is a triangle formation with noticeable slant to the upside. The line that connects the bottoms of the formation represents a support trend line. The resistance trend line connects the formation's tops. The Rising Wedge pattern is valid when the price touched both the support and resistance lines alternatively at least tree times. Unlike the Rising Channel formation, where support and resistance lines are parallel, in a Rising Wedge formation the support line is noticeably steeper than the resistance line. A Rising Wedge represents the loss of the upside momentum and has a bearish bias.
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.
Chart Pattern,Stock Chart Pattern,trendline chart pattern, chart, pattern, chart analysis, pattern recognition, Pattern screener, screening, 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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