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How Falling Wedges Work | Carl Swenlin & Erin Swenlin (11.28)
Today, Carl begins the Trading Room with a discussion on what falling wedge chart patterns are and why they have the expectation of an upside conclusion. Erin and Carl both review how exponential moving averages (EMAs) work and why they prefer them. Erin performs a thorough review of all of the sectors, then dives into the Utilities sector industry groups. They both finish by reviewing your symbol requests. Is this a market to hold into? Or should we book profits?