How Do I Analyze Bear Pennant Chart Pattern?

How Do You Trade Bear Pennant Chart Pattern?

This bear pennant 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 which has a slight upwards tilt. The sell signal is generated when price penetrates the lower line of the inverted bear pennant pattern. The pennant portion of this bear pennant pattern has forex price highs & FX 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.

How Do You Interpret Bear Pennant Chart Pattern?

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

How Do You Interpret Bear Pennant Chart Pattern?