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.
2.1 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.
01846 has a Bearish Continuation Wedge Pattern on June 18, 2021.
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