Bearish pennants and bullish pennants can indicate that major price action is on the cards – so understanding them is crucial for any technical trader. Here’s an introduction to how pennants work, and ...

VIRTUAL has declined to $1.45 this month due to selling pressure and a lack of demand. On the 4-hour chart, VIRTUAL's price ...

The stock has been running toward resistance in what technical traders call a pennant pattern. The stock is nearing the end of this pattern and could see a push upward if it breaks above ...

The bear flag pattern forming on the price chart of Crowdstrike stock is considered invalid if the price moves above the flag pattern's upper resistance level. 2. CF Industries Holdings ...

Monero XMR Is Testing $134 Resistance in a Bearish Pennant Pattern ...

Sensex prediction tomorrow, 4 June: For Sensex, 80,575.09 acted as strong support. Despite a recovery attempt, the index formed a Bearish Engulfing Pattern on the daily chart, suggesting a ...

Falling resistance and horizontal support usually converge near the breakdown level. ... a bearish pennant is a continuation pattern that consists of a pole and a symmetrical triangle, ...

A bearish pennant is the mirror image of a bull pattern, with a sharp price drop followed by consolidation. What's the Difference Between a Symmetrical Triangle and an Ascending Triangle Pattern?

Bearish Signs Remain. The pennant pattern follows a one-day bearish reversal of a shooting start candlestick pattern that formed on April 22 following a new record high of $3,500.

Natural gas pulled back from last week’s high of 3.39 on Monday, falling below Friday’s low to test support at the uptrend line. Today’s low was 3.05, almost an exact hit of the trend line ...

Key continuation patterns known as pennants are forming in both the U.S. Dollar Index and gold, and the direction of their breakouts will signal the next major move for each.

There are two main methods to choose from here. The first is simply to wait until the market breaks above its trend line: its line of resistance for bullish pennants, and support for bearish ones. The ...