Continuation Patterns · Bearish
Bearish Pennant
A sharp drop followed by a small symmetrical triangle.
After the drop, swings converge into a small triangle. The continuation example breaks downward.
This is an example of how traders often plan the pattern. It is not a promise that price will reach the target.
Identification
- A sharp downward pole comes first.
- Price then compresses into a small triangle.
- The example continuation closes below it.
Market context
The triangle should be brief compared with the drop.
Entry example
An example entry is the downward break.
Stop-loss example
An example stop is above the pennant.
Target example
A common teaching method projects the pole downward.
Common mistakes
- Confusing a bear pennant with a large symmetrical triangle.
Candlestick and chart patterns are probabilistic observations, not guaranteed trading signals. This page does not report a win rate.