How Do You Draw Bear Pennant Chart Pattern?

A Bear Pennant xauusd pattern is a bearish continuation pattern - This is a market signal which shows the current gold trend is taking a pause before resuming the current downward direction of gold.

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

Interpret Bearish Bear Pennant Chart Pattern