Apple Diamond Holder
Nasdaq BeaterSMMT trend review
$Summit Therapeutics(SMMT.US)
As usual, let's look at the chart first
After a violent rally in the early stage, it clearly pulled back and then formed a falling wedge pattern, fluctuating along the orange trendline. When approaching the orange trendline, both long upper shadows and long lower shadows were very obvious.
It perfectly matches the structure of a falling wedge, eventually breaking through the orange resistance line for a violent rally.
Here's an additional note about a confusing pattern (descending triangle) that somewhat resembles a falling wedge but needs to be distinguished.
Pattern image source: https://b23.tv/XFUAmzU
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