If a pennant pattern drags on into its 12th or 13th week, it is usually considered to have become a triangle.
When dealing with a symmetrical triangle, however, it is optimal for price to break above or below the trendlines one-half to three-quarters of the way through the pattern.
Read more: What are the main differences between a Symmetrical Triangle pattern and a pennant? | Investopedia www.investopedia.com...tern-and-pennant.asp
When dealing with a symmetrical triangle, however, it is optimal for price to break above or below the trendlines one-half to three-quarters of the way through the pattern.
Read more: What are the main differences between a Symmetrical Triangle pattern and a pennant? | Investopedia www.investopedia.com...tern-and-pennant.asp