So by textbook, if a Ascending Broadening Wedge happens on a downtrend, the expected target is the height of the wedge subtracted from the drop off point. That would take WOOF to 15. 40 . If the wedge happens in a not so bearish case, the target is the mouth of the the start of the wedge . Let's see what happens. I would have expected WOOF to continue down in the wedge it was falling in.. not be "bull flagging"/ forming a pennant . I am staying out of this one but will be watching it.