What Happens after a Bear Pennant Chart Pattern? - Bearish Bear Pennant Chart Pattern

A Bear Pennant chart pattern is a bearish continuation pattern - This is a market signal that shows the current forex trend is taking a pause before resuming the current downward direction of the market currency pair.

If the Bear Pennant downward continuation pattern forms it trading signals that the market is taking a break before resuming the current downward trend. The Bear Pennant continuation pattern in a downwards trend is referred to as a falling flag which signals that the price is consolidation but keeps moving lower & lower forming a chart pattern that looks like a falling flag. Traders should wait for a confirmation of this Bear Pennant chart pattern before opening a trade based on this bearish continuation pattern. Once there is a forex trading price break-out to the downside then Bear Pennant continuation pattern is confirmed and prices will then continue to move in direction of the current downwards forex market trend.