Scanner of Forex Bearish Pennant
Real Time Patterns (RTP) V2

Operating the Real Time Patterns is easy and straightforward


  • Set up pattern search criteria
  • Receive patterns in your feed
  • Bookmark patterns to track their status
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$20/month afterwards

How It Works

Real-time pattern trading is the easiest way to find entry and exit prices if you can scan hundreds of FOREXs within minutes. It is definitely impossible for humans. Artificial Intelligence (A.I.) not only discovers these patterns, but also checks if they worked out well in the past. Knowing the success rate in the past allows A.I. to establish the odds of success in the future.

Pattern Types and Stats



Pennant

Pennant pattern

The Falling Pennant (or Bearish Pennant) pattern looks like a pennant turned upside down (the mast points up). It forms when falling prices experience a consolidation period, and the price moves within a narrow range defined by the converging lines through points (2, ­4) and (3, ­5). After the consolidation, the previous trend resumes.

This type of formation happens when anticipation of downtrend is high, and when the price of a security consolidates during a declining trend. It may indicate growing investor concern of an impending downtrend.

Trade Idea

If the price breaks out from the bottom pattern boundary, day traders and swing traders should trade with a DOWN trend. Consider selling the security short or buying a put option at the downward breakout price level. The breakout price level for the Falling Pennant pattern is the last point touching the bottom pattern line (point 4). To identify an exit, calculate the pattern height which is the initial fall between points 1 and 2. Then, subtract the pattern height from the breakout price. When trading, wait for the confirmation move, which is when the price falls below the breakout level.

To limit potential loss when price suddenly goes in the wrong direction, consider placing a stop order to buy back a short position or sell a put option at or above the breakout price.

Time frames No matter your trading strategy (day trading, swing, etc), we have patterns that will be ready to trade.

5 min
15 min
30 min
1 hour
4 hour
1 day
Pennant (Bearish)
0.009830 GBP CURRENT PRICE

RUBGBP - Russia Ruble - United Kingdom Pound

STATUSEmerged
CURRENT CONFIDENCE50%
TARGET (EXIT) PRICE0.009870 GBP
BREAKOUT (ENTRY) PRICE0.009420 GBP
DISTANCE TO TARGET PRICE4.17% (41.0 pips)
EMERGED ONJan 19, closing price
WITH CONFIDENCE LEVEL0%
Statistics for ‘Pennant
40+
120
32%
Pennant (Bearish)
0.009830 GBP CURRENT PRICE

RUBGBP - Russia Ruble - United Kingdom Pound

STATUSEmerged
CURRENT CONFIDENCE51%
TARGET (EXIT) PRICE0.009870 GBP
BREAKOUT (ENTRY) PRICE0.009420 GBP
DISTANCE TO TARGET PRICE4.17% (41.0 pips)
EMERGED ONJan 18, closing price
WITH CONFIDENCE LEVEL0%
Statistics for ‘Pennant
40+
120
32%
Pennant (Bearish)
0.009830 GBP CURRENT PRICE

RUBGBP - Russia Ruble - United Kingdom Pound

STATUSEmerged
CURRENT CONFIDENCE51%
TARGET (EXIT) PRICE0.009870 GBP
BREAKOUT (ENTRY) PRICE0.009420 GBP
DISTANCE TO TARGET PRICE4.17% (41.0 pips)
EMERGED ONJan 15, closing price
WITH CONFIDENCE LEVEL0%
Statistics for ‘Pennant
40+
120
32%
Pennant (Bearish)
0.009830 GBP CURRENT PRICE

RUBGBP - Russia Ruble - United Kingdom Pound

STATUSEmerged
CURRENT CONFIDENCE52%
TARGET (EXIT) PRICE0.009870 GBP
BREAKOUT (ENTRY) PRICE0.009420 GBP
DISTANCE TO TARGET PRICE4.17% (41.0 pips)
EMERGED ONJan 14, closing price
WITH CONFIDENCE LEVEL0%
Statistics for ‘Pennant
40+
120
32%
Pennant (Bearish)
0.009830 GBP CURRENT PRICE

RUBGBP - Russia Ruble - United Kingdom Pound

STATUSEmerged
CURRENT CONFIDENCE51%
TARGET (EXIT) PRICE0.009870 GBP
BREAKOUT (ENTRY) PRICE0.009420 GBP
DISTANCE TO TARGET PRICE4.17% (41.0 pips)
EMERGED ONJan 14, closing price
WITH CONFIDENCE LEVEL0%
Statistics for ‘Pennant
40+
120
32%