Chart Patterns

bear pennant

Bear Pennant

Image via Colibri Trader Chart Facts: The bear pennant is a continuation chart pattern of the previous downtrend. A pennant pattern is very similar to a flag pattern except a flag is rectangular and descending and a pennant is triangular. A bear pennant chart pattern occurs after a downtrend out of a previous price base. …

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Rounding Top

Rounding Top

The rounding top chart pattern is a bearish reversal that occurs after an uptrend on a chart. The rounded top is formed after an uptrend in price action stalls out near a peak and goes sideways into a range before slowly going lower to create lower highs and lower lows. The pattern forms a downward …

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