⚠️ Bear Pennant = Continuation Pattern ⚠️
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⚠️ Bear Pennant = Continuation Pattern ⚠️
⚠️ Bear Pennant = Continuation Pattern ⚠️ A Bear Pennant forms after a sharp drop (the flagpole) 📉, followed by a brief consolidation in a small triangle-like range. This is just the market “catching its breath” before usually continuing the downtrend. Here’s how to trade it: Identify the flagpole (strong bearish impulse) Spot ...
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Flag and pennant patterns Trading Strategies
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📉 Bear Pennant Explained The bear pennant is a continuation pattern that appears after a sharp drop in price. It signals a short pause before the downtrend continues even lower. ✅ Spot the flagpole → sharp impulse down ✅ Identify the pennant → small consolidation ✅ Entry → break below support ✅ Target → measured move equal to the flagpole Patience is key: let the pattern form, wait for the breakout, then ride the momentum. ⚡️ #bearpennant #tradingstrategy #priceaction #forex #crypto #stocks #ch
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