"BEAR" PENNANT IN A DOWNTREND (BEARISH) "Bear" pennant in a downtrend. This pattern came right after a 'bear' flag breakout. (Can you see it?) This pennant also presents only a brief pause before the market reasserts itself in the direction of the trend (down.) Volume dips in the pattern and jumps as the market breaks out and gaps lower.

Bearish Pennant is a sharp, strong volume decline on a negative fundamental development, several days of narrowing price consolidation on much weaker volume followed by a second, sharp decline to new lows on strong volume. The technical target for a bearish pennant pattern is derived by subtracting the height flag pole from the eventual breakout level at point (e). This bearish pennant formed on the XPD/USD @ D1 offers a bearish breakout opportunity. The pennant and its pole are marked with the yellow lines. My potential entry level is the cyan line. My potential take-profit level is the green line. The stop-loss level is already marked on the chart. For a bearish flag or pennant, a break below support signals that the previous decline has resumed. Volume: Volume should be heavy during the advance or decline that forms the flagpole. Heavy volume provides legitimacy for the sudden and sharp move that creates the flagpole. However, the stock gapped up a week later and closed strong with Bear Flag is a sharp, strong volume decline, several days of sideways to higher price action on much weaker volume followed by a second, sharp decline to new lows on strong volume. The technical target for a bear flag pattern is derived by subtracting the height of the flag pole from the eventual breakout level at point (e). Even though flags and pennants are common formations, identification A bearish pennant is formed during a steep, almost vertical, downtrend. After that sharp drop in price, some sellers close their positions while other sellers decide to join the trend, making the price consolidate for a bit. As soon as enough sellers jump in, the price breaks below the bottom of the pennant and continues to move down. "BEAR" PENNANT IN A DOWNTREND (BEARISH) "Bear" pennant in a downtrend. This pattern came right after a 'bear' flag breakout. (Can you see it?) This pennant also presents only a brief pause before the market reasserts itself in the direction of the trend (down.) Volume dips in the pattern and jumps as the market breaks out and gaps lower.

Pennant: A pennant is a continuation pattern in technical analysis formed when there is a large movement in a stock, the flagpole, followed by a consolidation period with converging trendlines

Indeed because this post is all about bull pennants we'll be discussing the bullish side of the street. If you're a bear and want to learn about bear pennants go check out our bear pennant post. Speaking about trading, it's all about the battle between buyers (bulls) and sellers (bears). This pennant pattern is bullish. The buyers are in control. Bearish Pennant is a sharp, strong volume decline on a negative fundamental development, several days of narrowing price consolidation on much weaker volume followed by a second, sharp decline to new lows on strong volume. The technical target for a bearish pennant pattern is derived by subtracting the height flag pole from the eventual breakout level at point (e). This bearish pennant formed on the XPD/USD @ D1 offers a bearish breakout opportunity. The pennant and its pole are marked with the yellow lines. My potential entry level is the cyan line. My potential take-profit level is the green line. The stop-loss level is already marked on the chart. For a bearish flag or pennant, a break below support signals that the previous decline has resumed. Volume: Volume should be heavy during the advance or decline that forms the flagpole. Heavy volume provides legitimacy for the sudden and sharp move that creates the flagpole. However, the stock gapped up a week later and closed strong with

The bear pennant pattern is found within a downtrending stock.   This pattern is named for the resemblance of an inverted pennant on a pole.   The bear pennant is a continuation pattern with narrowing price action following a constant decline.

Bear pennant's don't always continue, no pattern is a guarantee. They are only a probability, but knowing the probability game is key. The stock market is a tug of war between buyers and sellers. Bear pennants chart patterns form when the market and/or a stock is in a down trend. They can also form at the beginning of a new downtrend. The bear pennant pattern is found within a downtrending stock.   This pattern is named for the resemblance of an inverted pennant on a pole.   The bear pennant is a continuation pattern with narrowing price action following a constant decline. Indeed because this post is all about bull pennants we'll be discussing the bullish side of the street. If you're a bear and want to learn about bear pennants go check out our bear pennant post. Speaking about trading, it's all about the battle between buyers (bulls) and sellers (bears). This pennant pattern is bullish. The buyers are in control. Bearish Pennant is a sharp, strong volume decline on a negative fundamental development, several days of narrowing price consolidation on much weaker volume followed by a second, sharp decline to new lows on strong volume. The technical target for a bearish pennant pattern is derived by subtracting the height flag pole from the eventual breakout level at point (e). This bearish pennant formed on the XPD/USD @ D1 offers a bearish breakout opportunity. The pennant and its pole are marked with the yellow lines. My potential entry level is the cyan line. My potential take-profit level is the green line. The stop-loss level is already marked on the chart. For a bearish flag or pennant, a break below support signals that the previous decline has resumed. Volume: Volume should be heavy during the advance or decline that forms the flagpole. Heavy volume provides legitimacy for the sudden and sharp move that creates the flagpole. However, the stock gapped up a week later and closed strong with Bear Flag is a sharp, strong volume decline, several days of sideways to higher price action on much weaker volume followed by a second, sharp decline to new lows on strong volume. The technical target for a bear flag pattern is derived by subtracting the height of the flag pole from the eventual breakout level at point (e). Even though flags and pennants are common formations, identification

"BEAR" PENNANT IN A DOWNTREND (BEARISH) "Bear" pennant in a downtrend. This pattern came right after a 'bear' flag breakout. (Can you see it?) This pennant also presents only a brief pause before the market reasserts itself in the direction of the trend (down.) Volume dips in the pattern and jumps as the market breaks out and gaps lower.

Indeed because this post is all about bull pennants we'll be discussing the bullish side of the street. If you're a bear and want to learn about bear pennants go check out our bear pennant post. Speaking about trading, it's all about the battle between buyers (bulls) and sellers (bears). This pennant pattern is bullish. The buyers are in control. Bearish Pennant is a sharp, strong volume decline on a negative fundamental development, several days of narrowing price consolidation on much weaker volume followed by a second, sharp decline to new lows on strong volume. The technical target for a bearish pennant pattern is derived by subtracting the height flag pole from the eventual breakout level at point (e). This bearish pennant formed on the XPD/USD @ D1 offers a bearish breakout opportunity. The pennant and its pole are marked with the yellow lines. My potential entry level is the cyan line. My potential take-profit level is the green line. The stop-loss level is already marked on the chart. For a bearish flag or pennant, a break below support signals that the previous decline has resumed. Volume: Volume should be heavy during the advance or decline that forms the flagpole. Heavy volume provides legitimacy for the sudden and sharp move that creates the flagpole. However, the stock gapped up a week later and closed strong with Bear Flag is a sharp, strong volume decline, several days of sideways to higher price action on much weaker volume followed by a second, sharp decline to new lows on strong volume. The technical target for a bear flag pattern is derived by subtracting the height of the flag pole from the eventual breakout level at point (e). Even though flags and pennants are common formations, identification

Bear Flag is a sharp, strong volume decline, several days of sideways to higher price action on much weaker volume followed by a second, sharp decline to new lows on strong volume. The technical target for a bear flag pattern is derived by subtracting the height of the flag pole from the eventual breakout level at point (e). Even though flags and pennants are common formations, identification

This bearish pennant formed on the XPD/USD @ D1 offers a bearish breakout opportunity. The pennant and its pole are marked with the yellow lines. My potential entry level is the cyan line. My potential take-profit level is the green line. The stop-loss level is already marked on the chart. For a bearish flag or pennant, a break below support signals that the previous decline has resumed. Volume: Volume should be heavy during the advance or decline that forms the flagpole. Heavy volume provides legitimacy for the sudden and sharp move that creates the flagpole. However, the stock gapped up a week later and closed strong with Bear Flag is a sharp, strong volume decline, several days of sideways to higher price action on much weaker volume followed by a second, sharp decline to new lows on strong volume. The technical target for a bear flag pattern is derived by subtracting the height of the flag pole from the eventual breakout level at point (e). Even though flags and pennants are common formations, identification A bearish pennant is formed during a steep, almost vertical, downtrend. After that sharp drop in price, some sellers close their positions while other sellers decide to join the trend, making the price consolidate for a bit. As soon as enough sellers jump in, the price breaks below the bottom of the pennant and continues to move down. "BEAR" PENNANT IN A DOWNTREND (BEARISH) "Bear" pennant in a downtrend. This pattern came right after a 'bear' flag breakout. (Can you see it?) This pennant also presents only a brief pause before the market reasserts itself in the direction of the trend (down.) Volume dips in the pattern and jumps as the market breaks out and gaps lower.

Bearish Pennant is a sharp, strong volume decline on a negative fundamental development, several days of narrowing price consolidation on much weaker volume followed by a second, sharp decline to new lows on strong volume. The technical target for a bearish pennant pattern is derived by subtracting the height flag pole from the eventual breakout level at point (e). This bearish pennant formed on the XPD/USD @ D1 offers a bearish breakout opportunity. The pennant and its pole are marked with the yellow lines. My potential entry level is the cyan line. My potential take-profit level is the green line. The stop-loss level is already marked on the chart. For a bearish flag or pennant, a break below support signals that the previous decline has resumed. Volume: Volume should be heavy during the advance or decline that forms the flagpole. Heavy volume provides legitimacy for the sudden and sharp move that creates the flagpole. However, the stock gapped up a week later and closed strong with Bear Flag is a sharp, strong volume decline, several days of sideways to higher price action on much weaker volume followed by a second, sharp decline to new lows on strong volume. The technical target for a bear flag pattern is derived by subtracting the height of the flag pole from the eventual breakout level at point (e). Even though flags and pennants are common formations, identification A bearish pennant is formed during a steep, almost vertical, downtrend. After that sharp drop in price, some sellers close their positions while other sellers decide to join the trend, making the price consolidate for a bit. As soon as enough sellers jump in, the price breaks below the bottom of the pennant and continues to move down.