Bear Pennant
ChartBearishContinuationReliability:
A steep, near-vertical decline pauses inside a small converging triangle, then breaks downward to resume the downtrend.
Description
The pole is a strong, near-vertical decline, followed by a small symmetrical triangle whose swings converge (unlike a flag's parallel channel), then price breaks out downward.
Market psychology
An explosive move pauses to consolidate as the crowd catches its breath before the next leg down.
How to trade
Enter on the downside breakout; the measured target is the pole height subtracted from the breakout point; place the stop above the pennant high.
Confirmation
A decisive close below the lower converging line, ideally on rising volume.
Also known as: Bearish Pennant
Educational content only — not financial advice. Cryptorua reads public market data and never places orders.