All patterns
Altair-22 › DOGEUSD (Dogecoin / US Dollar) · 4h
Bear Pennant
FormingBearish
Quality60%
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Draw it on TradingView
No bar counting. Copy the Pine Script and paste it into TradingView; the pattern, breakout, target and invalidation lines are drawn on exactly these candles.
- 1.Copy the script and open the chart on TradingView.
- 2.Open the Pine Editor at the bottom, clear it and paste.
- 3.Click "Add to chart"; the drawings appear.
Swing points
| Point | Candle open (UTC) | UTC | Bar # | Price |
|---|---|---|---|---|
| P0 | Oct 29, 04:00 PM | Oct 29, 04:00 PM | 0 | 0.08148 |
| P1 | Oct 30, 12:00 AM | Oct 30, 12:00 AM | 2 | 0.07220 |
Bar #: candles counted from the pattern's first point. Times are candle open times.
Lines
- PoleOct 29, 04:00 PM · 0.08148 → Oct 30, 12:00 AM · 0.07220
- ResistanceOct 30, 12:00 AM · 0.07220 → Oct 31, 04:00 PM · 0.07363
- SupportOct 30, 12:00 AM · 0.07691 → Oct 31, 04:00 PM · 0.07615
This pattern's track record
On the 4h chart
27%
Target reached after breakout
- Breakout rate
- 60%
- Reached half the target
- 50%
- Average time to target
- 4.3 days
- Cases
- 26 resolved cases
All timeframes
16%
Target reached after breakout
- Breakout rate
- 56%
- Reached half the target
- 34%
- Average time to target
- 5.6 days
- Cases
- 100 resolved cases
What is this pattern?
The rest area is a small converging triangle. A close below its lower line targets the pole length lower.
A close above the pennant high invalidates the pattern.
This is not investment advice. Patterns describe probabilities; the same pattern can resolve differently. Levels use classic technical-analysis measuring rules.