How Do You Read Bear Pennant Chart Pattern?

A Bear Pennant pattern is a bearish continuation pattern - This is a market trading signal which shows the current forex trend is taking a pause before resuming the current downwards direction of the market forex pair.

If the Bear Pennant downward continuation pattern forms it trading signals which the market is taking a pause before resuming the current downwards trend. Bear Pennant continuation pattern in a downwards trend is known as a falling flag which signals that the price is consolidation but keeps moving lower & lower forming a pattern that looks like a falling flag. Traders should wait for a confirmation of this Bear Pennant pattern before opening a trade based on this bearish continuation chart pattern. Once there is a forex price break-out to the downside then the Bear Pennant continuation chart pattern is confirmed & prices will then continue to move in direction of the current downwards forex market trend.

How Do I Read Bear Pennant Chart Pattern?