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CPRT is a good example of a stock that traded into a upward sloping bearish wedge while being in a pretty ugly downtrend. Notice how volume dropped off while the stock traded up within the pattern. That's a dead give-away that lower prices will follow.
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SGR got crushed in the early months of 2003 and then slowly traded into a bearish wedge pattern. Unlike a bearish rectangle which has parallel trendlines and offers no clues as to when the stock may break down, the converging trendlines with a wedge pattern at least narrow the breakdown day to within a few weeks. Notice, like many bearish pattern, volume surged well after the break.
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Do you see the blue line on the volume chart slope down during the time the pattern was forming? Average volume was declining as the stock was moving up, and this increases the bearishness of the formation. Once support is broke, each of the lows within the pattern could potentially act as support, so watch for bounces in those areas.
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