BOREARIS

Hang Seng 50 Bear pennant 15 min

Hang Seng 50 15 minConfirmed Oct 22, 15:45 UTC+8
BaseLowBounceConfirmedClosed22,988Invalid 22,981Confirm 22,883Target 1 22,831Target 22,779━ MA20 + Bollinger Bands ━ MA50 15 min70503052.68━ RSI ━ 9MA0-5.18━ MACD ━ MACD Signal10/22 07:1510/22 10:0010/22 12:4510/22 15:3010/22 18:15
BaseLowBounceConfirmedClosed22,988Invalid22,981Confirm22,883Target1 22,831Target22,779━ MA20 ━ MA5070503052.68━ RSI ━ 9MA0-5.18━ MACD ━ MACD Signal22 10:3022 14:4522 18:45

Gold line = the pattern's swing points; gold box = the confirmation candle; coloured lines = target and invalidation; blue = confirmation price.

Bear pennant: Invalidated

Target22,779
First target22,831
Confirmation22,883
Invalid at22,981
Move-0.46%

Timeframe15 min
ConfirmedOct 22, 15:45
ClosedOct 22, 20:00
Duration4.5 h
Reward / risk1.06

What this tells you

A sharp drop followed by a small converging triangle; a downside break usually continues the decline.

Check it on the live chart

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Swing points

PointTime UTC+8Price
Pole baseOct 22, 10:0023,186
Pole bottomOct 22, 13:4522,872
Bounce highOct 22, 14:1522,972
ConfirmationOct 22, 15:4522,883

Recently closed Bear pennant patterns: 12 in total, 9 reached the target first (75%), 3 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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