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Will Pinduoduo's sharp drop continue after this pause?
October 17: Pinduoduo on the 15-minute chart, where a bear flag confirmed today.
A bear flag is a sharp drop, then a shallow drift higher. Here, price dropped, drifted up, and today closed below the lower rail at 80.96. That close below the lower rail is the confirmation.
The measured target is 80.48, and invalidation is a close beyond 81.07. The pattern is still open: neither level has been hit yet. For now, price is between those two levels, so the setup remains in play rather than resolved.
A pattern never guarantees its target, and the same shape fails just as often.
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AI-voiced; written and reviewed by the Borearis Research Team. For education only, not investment advice. Trading involves risk.