NZD/USD Bear pennant 4 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 0.56223, 0% of the way to target (target is 0.80% 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 | Oct 27, 18:00 | 0.57075 |
| Pole bottom | Oct 28, 06:00 | 0.55720 |
| Bounce high | Oct 29, 02:00 | 0.56386 |
| Confirmation | Oct 29, 14:00 | 0.56154 |
Recently closed Bear 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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