Monday, August 8, 2016

How To Spot a FALLING WEDGE ?

A fellow twitter follower @BuckeyeTrader87 asks me a great question on twitter today about
"Falling Wedges" which surely by now everyone knows they are by far my favorite pattern to trade both INTRA DAY day trading and also for Swing Trading. Spotting them can be quite tricky. Or at least the kind of Wedges I like to look for and trade, these can be kinda tricky to spot.

Adam asked about NFLX .... So here's a more detailed chart of what i'd be looking for in NFLX over next few days/weeks in order for this stock to set up the typical "Falling Wedge" pattern I like to look for.


Below is the 1 year DAILY chart view of NFLX.




I hope this helps !!






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