Reversal Scanner

Falling Wedge Scanner

Scan 5,000+ stocks for falling wedge patterns. Converging downward trendlines with declining volume signal impending bullish breakouts. Each setup graded A+ to B.

5,000+
Stocks Scanned
Daily
Updated
A+ to B
Grading
Free tier
Price
J
M
K
S
R
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How the Falling Wedge Scanner scanner works

The falling wedge is a classic bullish reversal pattern where price makes lower highs and lower lows, but the lows fall faster than the highs — creating two converging downward-sloping trendlines. Volume typically declines through the formation as selling pressure exhausts itself. When price breaks above the upper trendline, it signals the reversal is underway. Our scanner analyzes 60 bars of price data across 5,000+ stocks, identifying swing pivots, fitting trendlines, measuring convergence, and confirming volume patterns.

What we analyze

Swing high and swing low pivot detection (3-bar pivots, minimum 3 each)
Upper and lower trendline slopes (both must be negative)
Wedge convergence percentage (30% minimum narrowing)
Volume decline during wedge formation
Price position relative to wedge apex (last 25%)

How our grading system works

For falling wedge setups, an A+ grade means convergence above 50%, declining volume, current price near the wedge apex, and price above the 200 SMA. An A grade requires 40%+ convergence with declining volume. B+ requires 30%+ convergence. B meets minimum wedge criteria. This is not a prediction of future price movement — it is a way to prioritize which charts deserve your attention first.

A+
Textbook setup with strong confluence
A
High-quality setup worth watching
B+
Decent setup with some reservations
B
Pattern detected but lower conviction

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AskLivermore scans 5,000+ NASDAQ and NYSE stocks daily · Not financial advice · Past performance does not guarantee future results