BOREARIS

S&P 500 Bear flag 1 hour

S&P 500 1 hourConfirmed Oct 22, 23:00 UTC+8
BaseLowBounceConfirmedClosedInvalid 7,708.17,665.2Confirm 7,662.8Target 1 7,646.3Target 7,629.8━ MA20 + Bollinger Bands ━ MA50 1 hour70503044.11━ RSI ━ 9MA0-14.75━ MACD ━ MACD Signal10/21 16:0010/21 23:0010/22 07:0010/22 14:0010/22 21:0010/23 04:00
BaseLowBounceConfirmedClosedInvalid7,708.17,665.2Confirm7,662.8Target1 7,646.3Target7,629.8━ MA20 ━ MA5070503044.11━ RSI ━ 9MA0-14.75━ MACD ━ MACD Signal22 01:0022 14:0023 01:00

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

Bear flag: First target, then break-even

Target7,629.8
First target7,646.3
Confirmation7,662.8
Invalid at7,708.1
Move+0.10%

Timeframe1 hour
ConfirmedOct 22, 23:00
ClosedOct 23, 03:00
Duration5.0 h
Reward / risk0.73

What this tells you

A sharp drop followed by a small bounce; a break below the consolidation usually means the downtrend resumes.

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 22, 02:007,774.7
Pole bottomOct 22, 17:007,674.8
Bounce highOct 22, 21:007,705.1
ConfirmationOct 22, 23:007,662.8

Recently closed Bear flag patterns: 25 in total, 17 reached the target first (68%), 8 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.

Live levels and price alerts in the app

The Borearis app has live levels for every market, price alerts, daily picks and AI analysis.

Download on the App Store Get it on Google Play