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.