USD/CAD Bear pennant 15 min
Gold line = the pattern's swing points; gold box = the confirmation candle; coloured lines = target and invalidation; blue = confirmation price.
Bear pennant: Active
Last 1.39715, 0% of the way to target (target is 0.14% 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 | Nov 04, 07:15 | 1.40143 |
| Pole bottom | Nov 04, 09:45 | 1.39531 |
| Bounce high | Nov 04, 10:00 | 1.39774 |
| Confirmation | Nov 04, 11:45 | 1.39626 |
Recently closed Bear pennant patterns: 15 in total, 10 reached the target first (67%), 5 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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