brycat23

ABT - Price Pattern Analysis/Falling Wedge

NYSE:ABT   Abbott Laboratories
Below is a detailed chart of some of my favorite trading techniques and how they apply to day trading - more specifically here is the falling wedge. This is one of my favorites to trade - especially after an uptrend like in ABT, as they are heavily biased towards bullish breakouts. These offer great potential from a risk-reward point of view - limited downside but high potential. Highly recommend adding this tool to your arsenal if you aren't already familiar!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.