HRC fell the entire wedge pattern. I drew the green line to show where a full fall would land. This does not mean it will not fall further.
Rising Narrowing wedges at the top are often bearish. A stock can break up from a rising wedge pattern, but the break out is often short lived and within 2 weeks can fail.
Falling wedges at the bottom, can be bullish signaling a reversal if the stock breaks the upper trend line in a confirmed up trend which has not happened yet.
Not a recommendation..Happy trading
Rising Narrowing wedges at the top are often bearish. A stock can break up from a rising wedge pattern, but the break out is often short lived and within 2 weeks can fail.
Falling wedges at the bottom, can be bullish signaling a reversal if the stock breaks the upper trend line in a confirmed up trend which has not happened yet.
Not a recommendation..Happy trading