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Yearly Pattern:Falling Wedge
Number of records: 34
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- 2/23/2024 -
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PriceChg%DailyWklyDailyWklyDailyWklyMtlyQtlyYrlySectorIndustrySignalsRanksticksList
ABBV 178.090.34%78.0688.43 9 74 1 Downtrend Broken Resist.Add to Watch List
ARE 121.932.22%68.6255.43 3 39 1 Add to Watch List
AWK 118.96-3.14%33.5526.11 1 3 2 Downtrend Broken Resist.Add to Watch List
BOND 91.150.35%26.7458.23 02/23/24	Bullish  Long White Real Body
02/21/24	Bearish  Long Red Real Body
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CMS 57.700.75%62.5950.24 1 12 1 Downtrend Broken Resist.Add to Watch List
DIS 107.74-3.46%61.6576.16 7 56 5 Downtrend Broken Resist.Add to Watch List
DXC 21.32-1.84%35.9835.89 10 78 1 Downtrend Broken Resist.02/23/24	Bearish  Doji Star
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EW 87.741.90%72.7478.99 9 96 Add to Watch List
HRL 30.515.24%62.2626.61 4 30 2 Add to Watch List
IVZ 15.34-0.65%41.8849.78 11 62 Add to Watch List
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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.
Tips:
# 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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