Saturday, April 20, 2013

Bullish Falling Wedge: A Powerful Reliable Pattern

One of my absolute favorite patterns to trade as a pure technical trader is the bullish FALLING WEDGE pattern. Loyal readers of this blog know this pattern very well since i post it often when i do see it in some stocks, I usually pay much closer attention to the stocks that are in play for this pattern.

3-4 weeks ago i posted this FALLING WEDGE pattern in DDD (see attached chart below).
This setup was emailed to ART OF TRADING members and also posted on StockTwits/Twitter .

 Right now, we have a very similar pattern shaping up in PCYC : See chart below:

Hope it helps! Good luck in your trading next week!

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