WTI Crude Oil Bear pennant 4 hour
Gold line = the pattern's swing points; gold box = the confirmation candle; coloured lines = target and invalidation; blue = confirmation price.
Bear pennant: Target hit
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 | Oct 30, 22:00 | 104.11 |
| Pole bottom | Nov 03, 18:00 | 92.92 |
| Bounce high | Nov 04, 06:00 | 96.32 |
| Confirmation | Nov 04, 22:00 | 92.61 |
Recently closed Bear pennant patterns: 16 in total, 11 reached the target first (69%), 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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