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Broadening wedge top

1. Introduction

Broadening Wedge Top is a bearish pattern that indicates the current upward trend may reverse and form a new downward trend.

2. Feature

2.1 The pattern has three tops and two bottoms;

2.2 The latest top is higher than the previous one, and the latest bottom is lower than the previous one;

2.3 The price has recently dropped below the previous two bottoms.

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.