Bearish continuation wedge
1. Introduction
Bearish Continuation Wedge is a bearish signal, formed by three stages: rapid fluctuations, short-term corrections, and a downward breakthrough. The formation of this pattern means that the stock price has gone through a turning point and is likely to continue falling.
2. Feature
2.1 The pattern generally appears in a relatively short-term adjustment market, with previous strong fluctuations;
2.2 Connecting the tops of the wedge forms a resistance line, and connecting bottoms forms a support line. If the price has recently broken downward through support line, it is likely to continue falling.
3. Example
01846 has a Bearish Continuation Wedge Pattern on June 18, 2021.
Risk Disclosure This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.