Gold (XAU/USD) 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: First target, then break-even
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 22, 06:00 | 4,146.04 |
| Pole bottom | Oct 22, 13:00 | 4,066.58 |
| Bounce high | Oct 22, 14:00 | 4,102.78 |
| Confirmation | Oct 22, 19:00 | 4,079.96 |
Recently closed Bear pennant patterns: 12 in total, 9 reached the target first (75%), 3 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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