Screener of Stock Bearish Broadening Wedge Descending
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 Descending

Broadening Wedge Descending pattern

The Broadening Wedge Descending pattern forms when a security price makes lower lows (1, 3, 5) and lower highs (2, 4), forming two downward sloping lines that expand over time (kind of like a pointed down megaphone shape). This pattern may form when large investors spread out their selling over a period of time, and the Breakout can occur in either direction.

When the initial selling occurs, other market participants react to falling price and jump on the bandwagon to participate. Then the value investors begin to sell, believing the price has not fallen enough, which spurs the original large investor to resume selling again.

Trade Idea

If 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 by assessing the difference between the pattern’s lowest high (2) and the breakout level. That is the pattern height. The target price can be calculated by subtracting the pattern height from the downward breakout level, which is the last low touching the bottom line.

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 Descending (Bearish)
STMP Stamps.com Inc.
Stock
ODDS FOR THIS TICKER: 90%
Aug 4
Aug 5
72%
2%
Broadening Wedge Descending (Bearish)
CNXC Concentrix Corporation
Stock
ODDS FOR THIS TICKER: 75%
Aug 4
Aug 5
90%
6%
Broadening Wedge Descending (Bearish)
MMAT Meta Materials Inc
Stock
ODDS FOR THIS TICKER: 50%
Aug 18
Aug 20
59%
42%
Broadening Wedge Descending (Bearish)
CTOS Custom Truck One Source Inc
Stock
ODDS FOR THIS TICKER: 65%
Aug 16
Aug 17
90%
26%
Broadening Wedge Descending (Bearish)
GHLD Guild Holdings Co - Ordinary Shares - Class A
Stock
ODDS FOR THIS TICKER: 70%
Aug 17
Aug 18
59%
0%