A pennant is created when there is a significant movement in the stock, followed by a period of consolidation – this creates the pennant shape due to the converging lines. A breakout movement then occurs in the same direction as the big stock move. These are similar to flag patterns and tend to last between one and three weeks. There will be significant volume at the initial stock movement, followed by weaker volume in the pennant section, and growth in volume at the breakout.
I also spoke this pattern a few days ago!!!
I also spoke this pattern a few days ago!!!
Note
Note
Note
Double BottomsSupport line tested
trend reversal
Note
Went Up Pennant Possibility !Note
As you seeI predicted this is a new support line!
Note
Dear friends pay attention!My analysis is correct, but you must support me to continue!
If you do not follow me or click the AGREE ...
I will not analyze you anymore
So if you would like to see my analytical charts, support me!
Note
Note
Double Top + Pennant !
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.