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Bullish Pennant Chart Pattern. [ Ссылка ] PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! This works on all timeframes; including very short timeframes so also suitable for day traders. The characteristic of a bullish pennant is that its converging to a focal point; the theory is to buy the breakout as the price is converging and I agree on that. So what do we have here? We have lower highs, higher lows eventually converging into a congestion area.
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
