A pennant is created when there is a significant movement in the stock, followed by a period of consolidation – this creates the pennant shape due to the converging lines. A breakout movement then occurs in the same direction as the big stock move. These are similar to flag patterns and tend to last between one and three weeks. There will be significant volume at the initial stock movement, followed by weaker volume in the pennant section, and growth in volume at the breakout.
I also spoke this pattern a few days ago!!!
I also spoke this pattern a few days ago!!!
Comment:
Comment:
Comment:
Double Bottoms
Support line tested
trend reversal
Support line tested
trend reversal
Comment:
Went Up Pennant Possibility !
Comment:
As you see
I predicted this is a new support line!
I predicted this is a new support line!
Comment:
Dear friends pay attention!
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If you do not follow me or click the AGREE ...
I will not analyze you anymore
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Comment:
Comment:
Double Top + Pennant !