GBP/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: First target, then break-even
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 20, 07:00 | 1.33036 |
| Pole top | Oct 20, 22:00 | 1.34089 |
| Pullback low | Oct 21, 00:00 | 1.33644 |
| Confirmation | Oct 21, 05:00 | 1.33789 |
Recently closed Bull pennant patterns: 9 in total, 6 reached the target first (67%), 3 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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