EUR/USD Bull pennant 1 hour
Gold line = the pattern's swing points; gold box = the confirmation candle; coloured lines = target and invalidation; blue = confirmation price.
Bull pennant: Active
Last 1.11838, 21% of the way to target (target is 0.21% from confirmation).
What this tells you
A sharp rise followed by a small converging triangle; an upside break usually continues the rally.
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Swing points
| Point | Time UTC+8 | Price |
|---|---|---|
| Pole base | Oct 29, 21:00 | 1.11039 |
| Pole top | Oct 29, 23:00 | 1.11737 |
| Pullback low | Oct 30, 00:00 | 1.11576 |
| Confirmation | Oct 30, 05:00 | 1.11790 |
Recently closed Bull pennant patterns: 8 in total, 6 reached the target first (75%), 2 were invalidated and 0 expired (small sample). Results by pattern →
Chart patterns are technical reference points, not trade recommendations. Past results do not guarantee future outcomes; trading involves risk.
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