Falling Wedge Breakout Below Lower Trend Line MicroVision: MVIS

Breakouts below the lower trend line are atypical but do sometimes occur. These usually occur in a pre-existing downtrend that is coming to an end. The move is usually accompanied by fairly high momentum, as if squeezing out the very last bit of bearish strength. A characteristic feature is the strength of the breakout, which can be very significant in a very short time, recognizable by the sudden rather large distance between the price and the SMA20, for example. Going short based on this downward price breakout is highly speculative because the probability of an at least equally sharp incline is quite significant.

MVIS