How Do I Trade Bear Pennant Chart Pattern?

A Bear Pennant xauusd pattern is a bearish continuation pattern - This is a market signal which shows the current gold trend is taking a pause before resuming the current downwards direction of gold.

If the Bear Pennant downward continuation pattern forms it trading signals which the xauusd market is taking a pause before resuming the current downwards trend. Bear Pennant continuation pattern in a downwards trend is referred to as a falling flag which trading signals that the xauusd price is consolidation but keeps moving lower & lower forming a xauusd chart pattern that looks like a falling flag. Traders should wait for a confirmation of this Bear Pennant xauusd chart pattern before opening a trade based on this bearish continuation chart pattern. Once there is a xauusd price break-out to the downside then Bear Pennant continuation chart pattern is confirmed and xauusd prices will then continue to move in the direction of the current downwards xauusd trend.

How to Trade Bearish Bear Pennant Chart Pattern Signal