lauralea

Bottom Fishing Rising Wedge Falling Wedge

NYSE:HRC   None
HRC fell the entire wedge pattern. I drew the green line to show where a full fall would land. This does not mean it will not fall further.
Rising Narrowing wedges at the top are often bearish . A stock can break up from a rising wedge pattern, but the break out is often short lived and within 2 weeks can fail.

Falling wedges at the bottom, can be bullish signaling a reversal if the stock breaks the upper trend line in a confirmed up trend which has not happened yet.

Not a recommendation..Happy trading
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.