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Pennant [ Ссылка ] PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! We are talking about technical analysis chart patterns and how to use them. Today we are talking about Pennants; very similar to Flags with small differences.

Once again, I have shown it with three points of contact on the trendlines, the preferred number, although this can vary. It looks a bit like the symmetrical triangle, but there are two big differences. First, it comes after a steep rise (or fall) as shown. Second, it is much shorter in duration, at 1 to 3 weeks, whereas the symmetrical triangle may take many weeks to resolve.

Trading Tip – Just like flags, pennants are best traded when they appear as tight formations. The tighter the pennant, the more reliable it is as an indicator of continuation of the price trend.

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