Bearish Pennant
A sharp drop followed by a small symmetrical triangle; completes on a close below the pennant's lower line.
The bearish mirror of the bullish pennant.
Short pattern: the 2-month minimum length does not apply.
How we define it
- Pole: as for the bear flag
- Pennant: converging lines with at least 2 touches each, narrowing to 55% or less; no close outside; retraces at most half the pole
- Breakout (up) / breakdown (down): the first candle close beyond the boundary by at least 3% on 1D and 1W (1.5% on 4H)
- Failed breaks: a breakout or breakdown that closes back inside the boundary within 6 candles on 4H, 5 on 1D or 3 on 1W is removed from the list
- Trend filter: breakouts only above the 200-period EMA (40-week EMA on 1W), breakdowns only below it
- Watchlist: the pattern is complete but unbroken and price is within 3% (or 1 ATR, at most 6%) of the boundary
No recent breakout or breakdown
No bearish pennant has completed recently. See all patterns.
Nothing on the watchlist
No mature bearish pennant is close to its breakout or breakdown level right now.