Abbott Laboratories

ABT - Price Pattern Analysis/Falling Wedge

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Below is a detailed chart of some of my favorite trading techniques and how they apply to day trading - more specifically here is the falling wedge. This is one of my favorites to trade - especially after an uptrend like in ABT, as they are heavily biased towards bullish breakouts. These offer great potential from a risk-reward point of view - limited downside but high potential. Highly recommend adding this tool to your arsenal if you aren't already familiar!

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