USD/JPY Bear pennant 1 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 157.806, 0% of the way to target (target is 0.20% 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 05, 20:00 | 158.508 |
| Pole bottom | Nov 06, 02:00 | 157.532 |
| Bounce high | Nov 06, 03:00 | 157.877 |
| Confirmation | Nov 06, 08:00 | 157.481 |
Recently closed Bear pennant patterns: 17 in total, 13 reached the target first (76%), 4 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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