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ClearBreaksEdwards & Magee edition

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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

Recent breakouts & breakdowns (9)

PUNDIXPundi X

Bearish pennant · 3 testsBreakdown15h ago

$0.0963-6.50%

Bearish pennant · 3 testsBreakdown19h ago

$0.0100-5.06%

Bearish pennant · 3 testsBreakdown23h ago

$0.0103-6.25%

QKCQuarkChain

Bearish pennant · 3 testsBreakdown27h ago

$0.002379-1.82%

DOLODolomite

Bearish pennant · 3 testsBreakdown27h ago

$0.0240-6.65%

Bearish pennant · 3 testsRetest8d ago

$0.002750+2.84%

ZEREBROZerebro

Bearish pennant · 3 testsBreakdown3d ago

$0.0286+2.88%

MERLMerlin Chain

Bearish pennant · 4 testsBreakdown5d ago

$0.0263-4.51%

TSMStock TSMC

Bearish pennant · 3 testsBreakdown6d ago

$413.16-4.42%

5 on the watchlist

Bearish pennant · 3 testsNear breakdown<0.1% from breakdown

$0.002750+2.84%

PUNDIXPundi X

Bearish pennant · 3 testsNear breakdown<0.1% from breakdown

$0.0963-6.50%

Bearish pennant · 3 testsNear breakdown<0.1% from breakdown

$0.0100-5.06%

DOLODolomite

Bearish pennant · 3 testsNear breakdown<0.1% from breakdown

$0.0240-6.65%

QKCQuarkChain

Bearish pennant · 3 testsNear breakdown2.0% from breakdown

$0.002379-1.82%