Analyze Bear Pennant Chart Pattern

Commodity Trade Bear Pennant Chart Pattern

This bear pennant chart pattern is found in a downwards trend. The bear pennant chart pattern is a trend continuation pattern where the price retrace slightly with a narrow price action that has a slight upwards tilt. The sell signal is generated when the price penetrates the lower line of the inverted bear pennant chart pattern. Pennant portion of this bear pennant chart pattern has commodity price highs & commodities price lows which can be connected by small lines which are parallel, giving the bear pennant chart pattern the look of a small channel - inverted pennant.

Commodity Trading Interpret Bear Pennant Chart Pattern - How Do I Read Bear Pennant Chart Pattern

The bear pennant pattern above was just a consolidation period for the commodity market trend prior to more selling & resuming of the downward commodities trend. The continuation commodity signal from the bear pennant chart pattern was completed when the lower line of this bear pennant pattern was broken to the downside after which the commodity price moved downwards.

Trade Bear Pennant Chart Pattern