Stop-loss can be placed at the bottom side of the falling wedge line. Price Target The price target is equal to the height of the back of the wedge. How to filter Stocks using this Chart Pattern Screener? There are so many stocks in which this chart pattern is formed and it is diffic...
What is the falling wedge pattern? The falling wedge, also referred to as the descending wedge pattern, appears when the price of a security constantly touches lower highs and lower lows, thus contracting the range of the price movement. If a falling wedge appears during a downward shift of ...
The stock's sell-off has continued after breaking down below a descending broadening wedge pattern late last month on above-average volume. Investors should watch important support levels on Super Micro's chart around $17 and $12, while keeping an eye on key resistance levels near $23 and $...