What's Bear Pennant Chart Pattern?
Trading Identify a Bear Pennant Pattern in XAUUSD Trading
The Best Patterns Course for New Traders - How to Identify and Trade Bear Pennant Chart Pattern
Gold Pattern Setups for Intra-day Trading - Pattern Setups Guide
This Bear Pennant patterns charts guide explains how to identify xauusd setups - identifying chart patterns is the first step when it comes to learning how to trade with Bear Pennant chart patterns in Gold.
Bear Pennant trading price setups commonly form on Gold charts & this chart pattern analysis guide explains how to trade & analyze charts using Bear Pennant trading patterns.
Bear Pennant Pattern
This Bear Pennant chart pattern setup is found in a downwards trend. The Bear Pennant chart setup is a market trend continuation pattern where the price retraces slightly with a narrow price action that has a slight up-wards tilt. The technical sell point is when the price penetrates the lower line of the inverted Bear Pennant pattern. The flag portion has highs & lows which can be linked by small lines that are parallel, giving it what looks like a small channel.
Bear Pennant Chart Pattern - What is Bear Pennant Pattern?
The Bear Pennant setup above was just a resting period for the market before more selling. The continuation signal was confirmed as the lower line was broken to the down-side.
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