BOREARIS

Dow Jones 30 Bull pennant 4 hour

Dow Jones 30 4 hourConfirmed Oct 21, 21:00 UTC+8
BaseTopPullbackConfirmedClosedTarget 53,028.3Target 1 52,881.5Confirm 52,734.852,548.4Invalid 52,359.3━ MA20 + Bollinger Bands ━ MA50 4 hour70503052.59━ RSI ━ 9MA0121.90━ MACD ━ MACD Signal10/16 09:0010/19 05:0010/20 01:0010/20 21:0010/21 17:0010/22 13:00
BaseTopPullbackConfirmedClosedTarget53,028.3Target1 52,881.5Confirm52,734.852,548.4Invalid52,359.3━ MA20 ━ MA5070503052.59━ RSI ━ 9MA0121.90━ MACD ━ MACD Signal17 01:0020 13:0022 01:00

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

Target53,028.3
First target52,881.5
Confirmation52,734.8
Invalid at52,359.3
Move+0.13%

Timeframe4 hour
ConfirmedOct 21, 21:00
ClosedOct 22, 05:00
Duration12.0 h
Reward / risk0.78

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 19, 17:0051,819.3
Pole topOct 20, 21:0052,708.6
Pullback lowOct 21, 01:0052,407.2
ConfirmationOct 21, 21:0052,734.8

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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