GBP/USD Bear pennant 1 hour
Gold line = the pattern's swing points; gold box = the confirmation candle; coloured lines = target and invalidation; blue = confirmation price.
Bear pennant: Active
Last 1.33487, 5% of the way to target (target is 0.30% from confirmation).
What this tells you
A sharp drop followed by a small converging triangle; a downside break usually continues the decline.
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Swing points
| Point | Time UTC+8 | Price |
|---|---|---|
| Pole base | Nov 06, 08:00 | 1.34635 |
| Pole bottom | Nov 06, 22:00 | 1.33420 |
| Bounce high | Nov 06, 23:00 | 1.33777 |
| Confirmation | Nov 07, 04:00 | 1.33508 |
Recently closed Bear pennant patterns: 21 in total, 16 reached the target first (76%), 5 were invalidated and 0 expired. 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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