Bullish continuation wedge
1. Introduction
Bullish Continuation Wedge is a bullish signal, formed by three stages: rapid fluctuations, short-term corrections, and an upward breakthrough. The formation of this pattern means that the stock price has gone through a turning point and is likely to continue rising.
2. Feature
2.1 The pattern generally appears in a relatively short-term adjustment, with previous strong fluctuations;
2.2 Connecting the tops of the wedge forms the resistance line, and connecting the bottoms forms a support line. If the price has recently broken upward through the resistance line, it is likely to continue rising.
3. Example
300338 has a Bullish Continuation Wedge Pattern on June 18, 2021.
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