What Happens after a Bear Pennant Chart Pattern? - Bearish Bear Pennant Chart Pattern

A Bear Pennant chart 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 currency pair.

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