Bearish Pennant

A sharp drop followed by a small symmetrical triangle; completes on a close below the pennant's lower line.

The bearish mirror of the bullish pennant.

Short pattern: the 2-month minimum length does not apply.

How we define it

Pole: as for the bear flag
Pennant: converging lines with at least 2 touches each, narrowing to 55% or less; no close outside; retraces at most half the pole
Breakout (up) / breakdown (down): the first candle close beyond the boundary by at least 3% on 1D and 1W (1.5% on 4H)
Failed breaks: a breakout or breakdown that closes back inside the boundary within 6 candles on 4H, 5 on 1D or 3 on 1W is removed from the list
Trend filter: breakouts only above the 200-period EMA (40-week EMA on 1W), breakdowns only below it
Watchlist: the pattern is complete but unbroken and price is within 3% (or 1 ATR, at most 6%) of the boundary