“Falling Wedge” Classical Chart Pattern Stock Screener

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This post focuses on customizable factory scans associated with Falling Wedge classical chart pattern. These factory scans can be edited, modified, or rewritten and then scanned using ChartAlert’s native stock screener or technical analysis scanner, namely the Basic Scanner and Advanced Scanner.

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Display recent Falling Wedge classical chart patterns

Tags: Falling wedge or falling diagonal pattern; Confirmed falling wedge or falling diagonal pattern

List symbols where pattern is Falling Wedge

Add Column Falling Wedge Status as Status
Add Column Falling Wedge Target as Target
Add Column Falling Wedge Date as Date

Apply to NSE

Plot

This scan identifies NSE symbols that have recently formed a Falling Wedge or falling diagonal pattern.

The output report shows the current status of the Falling Wedge — whether it is confirmed, unconfirmed, or if the target has already been reached.

Additionally, it provides the target level of the Falling Wedge and the date when the pattern was triggered.

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Confirmed Falling Wedge classical chart patterns

The following scan is designed to identify confirmed Falling Wedge or falling diagonal patterns.

List symbols where pattern is WedgeFalling
and WedgeFallStatus = Confirmed

Add Column WedgeFallStatus as Status
Add Column WedgeFallTarget as Target
Add Column WedgeFallDt as Date

Apply to NSE

Plot

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For insights into the Falling Wedge classical chart pattern, including the psychology underlying the pattern, and how to trade the pattern, as well as an exploration of its advantages and limitations as a tool, click here.