Screener of Stock Bearish Broadening Wedge Ascending
AI Pattern Search Engine (PSE) V2

Operating the Pattern Search Engine is easy and straightforward


  • Set up pattern search criteria
  • Receive patterns in your feed
  • Bookmark patterns to track their status
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How It Works

Trading patterns is one of the most sophisticated trading strategies. It exploits the psychology of market participants, and takes advantage of the knowledge of market insights.If you want to use AI to discover these hidden effects, then Tickeron’s Pattern Search Engine is the tool you need. Using PSE, AI will teach you to recognize patterns and entry and exit points.

Pattern Types and Stats



Broadening Wedge Ascending

Broadening Wedge Ascending pattern

The Broadening Wedge Ascending pattern forms when a security price progressively makes higher highs (1, 3, 5) and higher lows (2, 4), following two widening trend lines. This pattern may form when large investors spread their buying over a period of time.

When initial buying occurs, other market participants react to rising price and jump on the bandwagon to participate. Then value investors begin to sell, believing the price has risen too much, which spurs the original large investor to resume buying again. Once these activities stop, the price may break out in either direction.

Trade Idea

If the price breaks out from the bottom pattern boundary, day traders and swing traders should trade with a DOWN trend. Consider selling the security short or buying a put option at the downward breakout price level. To identify an exit, compute the target price for this formation by subtracting the pattern height from the breakout price. The pattern height is the difference between the highest high and the lowest low. The downward breakout level is the last low that touches the bottom line (4).

To limit potential loss when price suddenly goes in the wrong direction, consider placing a stop order to buy back a short position or sell a put option at or above the breakout price.

Broadening Wedge Ascending (Bearish)
NVS Novartis AG - ADR
Stock
ODDS FOR THIS TICKER: 67%
Aug 16
Aug 25
62%
1%
Broadening Wedge Ascending (Bearish)
DUK Duke Energy Corp.
Stock
ODDS FOR THIS TICKER: 68%
Aug 17
Aug 24
63%
0%
Broadening Wedge Ascending (Bearish)
CNXC Concentrix Corporation
Stock
ODDS FOR THIS TICKER: 75%
Aug 4
Aug 5
90%
6%
Broadening Wedge Ascending (Bearish)
PEG Public Service Enterprise Group Inc.
Stock
ODDS FOR THIS TICKER: 71%
Jul 19
Jul 23
90%
7%
Broadening Wedge Ascending (Bearish)
ITOS iTeos Therapeutics
Stock
ODDS FOR THIS TICKER: 90%
Aug 4
Aug 5
72%
2%