Continuation patterns
Bear pennant
Usually bearish
A sharp decline followed by a small symmetrical triangle of contracting swings.
What a bear pennant tells you
The bearish counterpart of the bull pennant, and read the same way: compression inside an existing move.
Why it forms
A pause in selling that never becomes real buying.
How traders enter it
Entry on the downside break, objective the pole projected down.
How it fails
Same weakness as the bull pennant: the structure is small, so stops are tight and noise is expensive.
That last section is the one worth rereading. A pattern is only useful because it comes with a level that proves you wrong — without one you have a shape and a hope.
People also ask
Is a bear pennant bullish or bearish?
A bear pennant is usually read as bearish, but only once it confirms. Before the confirming break it is a shape, and shapes fail. Context decides more than the label does.
How do you trade a bear pennant?
Entry on the downside break, objective the pole projected down.
When does a bear pennant fail?
Same weakness as the bull pennant: the structure is small, so stops are tight and noise is expensive.
Can ChartLens spot a bear pennant for me?
Yes. Photograph or screenshot any chart and ChartLens names the pattern if it is clearly formed, with a confidence level and whether it is forming, confirmed or failed — and says nothing if it is not there.
Last updated .