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A Pennant pattern in technical analysis is a continuation pattern that takes a short pause or break in a strong price rally, followed by a breakout in the same direction as the initial move. Typically, it appears on the chart after a strong downtrend or uptrend, where the price hang around for a while. During consolidation, it forms a small, symmetrical triangle, shaping like a flag pole with a Pennant on top.
#ethusdt
Updates &:target soon
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A Pennant pattern in technical analysis is a continuation pattern that takes a short pause or break in a strong price rally, followed by a breakout in the same direction as the initial move. Typically, it appears on the chart after a strong downtrend or uptrend, where the price hang around for a while. During consolidation, it forms a small, symmetrical triangle, shaping like a flag pole with a Pennant on top.
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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.