The Bearish Pennant is a bearish continuation chart pattern in technical analysis, characterized by a small symmetrical triangle (flag) that forms after a significant downward price movement (flagpole); this pattern suggests a brief consolidation before the prevailing downtrend is likely to resume, indicated by a potential further decline in prices
1–2 minutes
This post focuses on customizable factory scans associated with Bearish Pennant classical chart pattern. These factory scans can be edited, modified, or rewritten and then scanned using ChartAlert’s native stock screener or technical analysis scanner, namely the Basic Scanner and Advanced Scanner.
