The Bearish Pennant is a classic continuation pattern that signals the market is likely to resume its downtrend after a short consolidation. It consists of two key components:
🔻 The Flagpole – A strong, impulsive move downward, indicating high selling pressure.
🔻 The Pennant – A brief consolidation with lower highs and higher lows, forming a small symmetrical triangle. This represents a temporary pause before the next leg down.
How to trade it?
1- Identify a sharp downward move (the flagpole).
2- Wait for price consolidation within the pennant.
3- A breakout below the pennant’s lower trendline confirms continuation.
4- Target = The length of the flagpole projected downward from the breakout point.
Why does this happen?
After a strong downward move, some traders take profits, causing consolidation. However, when sellers regain control, the trend resumes with force, leading to another leg down.
⚠️ Pro Tip: Look for increasing volume on the breakdown to confirm the move!
🔻 The Flagpole – A strong, impulsive move downward, indicating high selling pressure.
🔻 The Pennant – A brief consolidation with lower highs and higher lows, forming a small symmetrical triangle. This represents a temporary pause before the next leg down.
How to trade it?
1- Identify a sharp downward move (the flagpole).
2- Wait for price consolidation within the pennant.
3- A breakout below the pennant’s lower trendline confirms continuation.
4- Target = The length of the flagpole projected downward from the breakout point.
Why does this happen?
After a strong downward move, some traders take profits, causing consolidation. However, when sellers regain control, the trend resumes with force, leading to another leg down.
⚠️ Pro Tip: Look for increasing volume on the breakdown to confirm the move!
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免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。