What's Bear Pennant Chart Pattern?

Trading Identify a Bear Pennant Pattern in XAU USD Trading

The Best Patterns Training Course for Beginners - How to Identify & Trade Bear Pennant Chart Pattern

Gold Patterns for Intra-day Trading - Patterns Guide

This Bear Pennant patterns charts guide explains and describes 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 XAUUSD charts & this chart pattern analysis guide explains and describes how to trade & analyze charts using Bear Pennant trading patterns.

Bear Pennant Chart Pattern

This Bear Pennant chart pattern formation is found in a downward trend. The Bear Pennant chart setup is a market trend continuation pattern where the price retraces slightly/a little with a narrow price action which has a modest up tilt. The technical sell point is when the price penetrates 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 phase for the market before more selling. The continuation trade signal was completed/confirmed as the lower line was broken to the down side.

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