BOREARIS

Hang Seng 50 Bull pennant 1 hour

Hang Seng 50 1 hourConfirmed Oct 31, 04:00 UTC+8
BaseTopPullbackConfirmedTarget 23,537Target 1 23,455Confirm 23,37223,362Invalid 23,258━ MA20 + Bollinger Bands ━ MA50 1 hour70503060.02━ RSI ━ 9MA051.56━ MACD ━ MACD Signal10/29 23:0010/30 04:0010/30 10:0010/30 15:0010/30 20:0010/31 01:00
BaseTopPullbackConfirmedTarget23,537Target1 23,455Confirm23,37223,362Invalid23,258━ MA20 ━ MA5070503060.02━ RSI ━ 9MA051.56━ MACD ━ MACD Signal30 03:0030 14:0031 00:00

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

Bull pennant: Active

Target23,537
First target23,455
Confirmation23,372
Invalid at23,258

Last 23,352, 0% of the way to target (target is 0.71% from confirmation).


Timeframe1 hour
ConfirmedOct 31, 04:00
Duration1.6 h
Reward / risk1.45

What this tells you

A sharp rise followed by a small converging triangle; an upside break usually continues the rally.

Check it on the live chart

← All chart patterns · Other patterns for this market · Key levels and research for this market · How to read patterns

Swing points

PointTime UTC+8Price
Pole baseOct 30, 09:0022,913
Pole topOct 30, 22:0023,414
Pullback lowOct 31, 02:0023,275
ConfirmationOct 31, 04:0023,372

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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