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📉 Bearish Pennant Pattern - EXPLAINED ✅

By Mahfujur Rahman 27

🧠 Pattern Name: Bearish Pennant

📍 Type: Continuation Pattern

📈 Market Bias: Bearish (Downtrend)

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🔍 What’s Happening in the Chart?

1. Downtrend starts with a strong drop (flagpole).

2. Consolidation forms a triangle—price tightens up.

3. Breakout occurs to the downside → confirms bearish continuation.

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🧭 Trade Setup (SHORT)$1000SATS

💥 Entry: After the breakout below support.

🛑 Stop Loss: Just above the pennant.

🎯 Take Profit: Equal to the height of the flagpole.

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💡 Pro Tip:

Always wait for confirmation before entering. Volume spike = stronger signal. 📊

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✅ Learn the pattern. Trade with confidence.

By Mahfujur Rahman 27

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