S&P 500 Bear flag 1 hour
Gold line = the pattern's swing points; gold box = the confirmation candle; coloured lines = target and invalidation; blue = confirmation price.
Bear flag: Active
Last 7,730.5, 0% of the way to target (target is 0.33% from confirmation).
What this tells you
A sharp drop followed by a small bounce; a break below the consolidation usually means the downtrend resumes.
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Swing points
| Point | Time UTC+8 | Price |
|---|---|---|
| Pole base | Oct 29, 04:00 | 7,789.3 |
| Pole bottom | Oct 29, 11:00 | 7,711.0 |
| Bounce high | Oct 29, 13:00 | 7,744.7 |
| Confirmation | Oct 29, 20:00 | 7,722.6 |
Recently closed Bear flag patterns: 23 in total, 14 reached the target first (61%), 9 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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