Bear Pennant Pattern — what it is and how to read it

Bearish pattern Fibonacci family

Sharp fall (pole) + a small narrowing triangle: a short relief. A break of the lower edge suggests a fall the size of the pole.

How to read it

A bearish structure is only a candidate until its trigger breaks down. StockFortuna draws the ▼ marker only on a red candle that closes below the trigger — a description, not a recommendation.

BIST 100 stocks where our scan detected it (last 30 trading days, 19 Oct 2026)

Automatic detection only (alphabetical) — StockFortuna does not recommend stocks; open the chart and judge for yourself. Not investment advice.

FAQ

What is the Bear Pennant Pattern?

Sharp fall (pole) + a small narrowing triangle: a short relief. A break of the lower edge suggests a fall the size of the pole.

Is the Bear Pennant Pattern bullish or bearish?

It is a bearish (downside) pattern.

When is it marked on the chart?

Only when a red candle closes below the trigger; the ▼ marker describes what the chart did, it is not a recommendation.

Has it been backtested?

⚪ Not backtested (added 9 Sep 2026) — information on the chart only; it does not enter the buying system.

How can I see the Bear Pennant Pattern on a live chart?

Open StockFortuna → Markets → Chart Studio and pick it from the list; the pattern is detected automatically on real data.

Related

• Fibonacci 38.2% Retracement (bullish)
• Fibonacci 50% Retracement (bullish)
• Fibonacci 61.8% Retracement (bullish)
• Fibonacci 78.6% Retracement (bullish)
• Fibonacci 38.2% Retracement (bearish)
• Fibonacci 50% Retracement (bearish)
• Fibonacci 61.8% Retracement (bearish)
• Fibonacci 78.6% Retracement (bearish)
• Fibonacci 1.618 Extension Low (bullish)
• Fibonacci 1.618 Extension High (bearish)
• Bull Pennant
• V Reversal (bullish)

For information and education only — not investment advice.