Stocks with Bear Pennant Pattern
↓ BearishThe Bear Pennant is similar to a Bear Flag but features converging trendlines during the consolidation phase. It forms after a strong downward move and typically resolves with a breakdown continuing the prior downtrend.
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Frequently Asked Questions
What is a Bear Pennant?
A Bear Pennant forms after a sharp decline, with the price consolidating in a small symmetrical triangle. The expected breakout is to the downside, continuing the prior bearish trend.