What is a Falling Wedge ? A falling wedge is a bullish chart pattern. It typically occurs during a downtrend and is characterized by converging trendlines that slope downward. Here are the key features of a falling wedge pattern: Trendlines : A falling wedge pattern consists of two trendlines. The upper trendline connects the lower highs, sloping downward....
Worth watching for a breakout based on strong home sales.
RMAX broke down from a rising wedge formation. Money-flow is in strong divergence. As predicted the decline before we took a short position from 42.41. We think it decline to 39 shortly.