About this document
Understanding Bullish and Bearish Pennants by yash lucky is a document available to read on EtoBox.
A pennant is a continuation pattern in technical analysis formed by a large price movement known as the flagpole, followed by a consolidation period between converging trend lines called the pennant, and then a breakout in the same direction as the initial movement. Pennants typically last 1-3 weeks and see decreasing volume during the consolidation period followed by higher volume at the breakout. Bullish pennants indicate an upward price move will continue, while bearish pennants signal a downward move wi
- Author
- yash lucky
- Language
- EN