What is a What is a pennant? A pennant is a triangular continuation... More?
A pennant is a triangular continuation pattern formed after a strongmovement. It is used in to help make decisions.
How do pennant patterns form?
After a sharp move in a particular direction, there is neither significant buying nor selling and the What are value stocks? A value company is a company that app... More is temporarily held in a consolidation pattern.
Because of this indecision, a more or less symmetrical A triangle is a chart pattern that forms when neither the bu... More is formed. This is a pennant pattern.
The price eventually breaks out of this pattern, continuing the original.
The bullish pennant and bearish pennant
A What is price? The price is the measure of the value of goo... More rise.pennant forms during an and indicates that the price may continue to go up. It gives you the chance to make a trade, hopefully profiting from a second big
The chart below shows an example of a bullish pennant: