FUTU HK Help Center-Bullish continuation wedge

Bullish continuation wedge

1. Introduction

Bullish Continuation Wedge is a bullish signal, formed by three stages: rapid fluctuations, short-term corrections, and an upward breakthrough. The formation of this pattern means that the stock price has gone through a turning point and is likely to continue rising.

2. Feature

2.1 The pattern generally appears in a relatively short-term adjustment, with previous strong fluctuations;

2.2  Connecting the tops of the wedge forms the resistance line, and connecting the bottoms forms a support line. If the price has recently broken upward through the resistance line, it is likely to continue rising.

3. Example

300338 has a Bullish Continuation Wedge Pattern on June 18, 2021.