Falling wedge

G

GotherL

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Is this considered a falling wedge pattern?
 
In TA, nothing is black or white.
There are a lot of interpretations with TA.
But to specifically answer your question, I'd say no.
But who am I to say that since I'm not using TA at all...
 
GotherL said:
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Is this considered a falling wedge pattern?
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Yes if its DAL/down ytd also.
IF that's a daily chart on SPY,TQQQ/qld,spyg/ ok uptrend + up >ytd, >200 dma.
I prefer 200 days more than 50 or 60/i use both+ 50 period moving average..............................................................................................................................
Depends\ if thats a monthly /worse than a falling wedge=bear market or daily DAL=bear.
BUT if its a daily chart ,for example in SPY/spyg/tqqq /qld/qqq its uptrending bull market/200dma tends to be better than any pattern/usually.
DAL is also down ytd/others are up% ytd.
I much prefer >> 50 days data;200 days or weeks =better for me..........................................................................................................................
Weak uptrend\falling wedge if its DAL;other examples =ok uptrend
 
murray t turtle said:
%%
Yes if its DAL/down ytd also.
IF that's a daily chart on SPY,TQQQ/qld,spyg/ ok uptrend + up >ytd, >200 dma.
I prefer 200 days more than 50 or 60/i use both+ 50 period moving average..............................................................................................................................
Depends\ if thats a monthly /worse than a falling wedge=bear market or daily DAL=bear.
BUT if its a daily chart ,for example in SPY/spyg/tqqq /qld/qqq its uptrending bull market/200dma tends to be better than any pattern/usually.
DAL is also down ytd/others are up% ytd.
I much prefer >> 50 days data;200 days or weeks =better for me..........................................................................................................................
Weak uptrend\falling wedge if its DAL;other examples =ok uptrend
More...
It's JKS a recent hot china play in the solar sector. Had another big run at the start of NOV but things have gotten awfully quiet after that. My calls expired worthless today.
 
GotherL said:
It's JKS a recent hot china play in the solar sector. Had another big run at the start of NOV but things have gotten awfully quiet after that. My calls expired worthless today.
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Super strong sector;
i've taken profits on TAN.
JKS went down 30% in one week. TAN went down 50% this year; i trade stuff like that smaller/because i like to scale in 2 or 3 times. May not trade that sector until late JAN or FEB/if at all..............................................................................................Great big trend.They pay low or no dividend/ so really they are trades
 
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