Bearish continuation triangle

1. Introduction

Bearish Continuation Triangle is a pattern formed by two converging trend lines. This pattern means that the current downtrend is likely to continue.

2. Feature

2.1 The bearish continuation triangle occurs after the fall of stock price, followed by several violent fluctuations;

2.2 The bearish continuation triangle is formed by two converging trend lines. The two trend lines converge into a triangle, and the lower trend line is nearly horizontal; 

2.3 A bearish continuous triangle. Recently, the price has broken downward through the bottom connecting support line, and it is likely to continue to fall in the future.

3. Example

00861 has a Bearish Continuation Triangle Pattern on June 18, 2021.