Pennant

A pennant can be used as an entry pattern for the continuation of an established trend. The formation usually occurs after a sharp price movement that can contain gaps (known as the mast or pole of the pennant) where the pennant represents a period of indecision at the midpoint of the full move, consolidating the prior leg. The price is contained by a small symmetrical triangle that begins wide and converges to a point as the pattern develops.

Bullish pennants can form after an uptrend, bearish pennants can form after a downtrend. The pattern is complete when price breaks out of the triangle in the direction of the preceding trend, at which point it will likely continue in this direction. Conservative traders look for additional confirmation of the trend continuing. The target can be estimated by the technique of measuring the length of the mast and extending it in the direction of the breakout. A common stop level is just outside the pennant on the opposite side of the breakout. Pennants should not be mistaken for triangles, which are distinct price patterns.
TradeOperator TradeOperator DXY, 60, Short ,
DXY: Dollar Index Hourly 17/04/25
37 0 9
DXY, 60 Short
Dollar Index Hourly 17/04/25

Dollar forming a bearish pennant on the 1 hour

edwardtackett edwardtackett PRO GBPUSD, 60,
GBPUSD: GBP/USD 60 Pennant
88 0 5
GBPUSD, 60
GBP/USD 60 Pennant

Looking at the GBP/USD 60 pennant

JustinCaravaggio JustinCaravaggio ZECBTC, 240, Long ,
ZECBTC: Bullishness ahead for ZEC
30 0 4
ZECBTC, 240 Long
Bullishness ahead for ZEC

Short term neutral until ZEC crosses back above the 100 day moving avg (pink line). Watching to see if ZEC follows blue line 4 or blue line 5 (red lines x,y and z will offer support or resistance in zone 4). ZEC has built a pennant formation (blue lines 4 and 5) with nice decreasing volume (red circle zone 4). If ZEC crosses above the upper diagonal trend line #5, ...

TopSmileFx TopSmileFx EURUSD, D, Short ,
EURUSD: EUR/USD Maybe bearish pennant?
24 0 4
EURUSD, D Short
EUR/USD Maybe bearish pennant?

See chart...

khaettaran khaettaran XAUUSD, 30,
XAUUSD: Try,PENNANT Patturn
65 0 5
XAUUSD, 30
Try,PENNANT Patturn

Fill gap then short

JustinCaravaggio JustinCaravaggio ETCBTC, 240, Short ,
ETCBTC: ETCBTC medium to long term bull, short term bear (few days)
127 0 7
ETCBTC, 240 Short
ETCBTC medium to long term bull, short term bear (few days)

ETC broke out of above a pennant, its 100 day moving average and diagonal support lines 1 and 0 and also long term support line X, only to find resistance at support line Y. If we cant build support at line x, next support is at the 23% retracement and line 0. If bitcoin continues to rise in the days ahead, we could quickly test the 38% retracement and support ...

gagner.antoine gagner.antoine PRO EURUSD, 15, Short ,
EURUSD: EURUSD - SHORT @ 1.08500
124 0 10
EURUSD, 15 Short
EURUSD - SHORT @ 1.08500

DESCRIPTION: Symetrical triangle / pennant breakou + EU might return inside the daily ascending triangle + gap needs to eventually be filled. ENTRY: At the breakout of the triangle. TARGET: 1.07350 (gap filled at this point) STOPS: Above 1.08800, above the last highs.

R4idenZero R4idenZero EURJPY, 30, Short ,
EURJPY: EURJPY - Pennant Broke, short time to close gap!
52 0 7
EURJPY, 30 Short
EURJPY - Pennant Broke, short time to close gap!

Everything meant to be Self Training

R4idenZero R4idenZero EURJPY, 240,
EURJPY: EURJPY - Pennant + 0-618 + Channel + Gap
57 0 6
EURJPY, 240
EURJPY - Pennant + 0-618 + Channel + Gap

Everything meant to be Self Training

jsburgos jsburgos PRO ETHBTC, 240, Long ,
ETHBTC: Another Pennant to the Moon?
6559 44 47
ETHBTC, 240 Long
Another Pennant to the Moon?

We're still going to the moon, and the process will likely happen next week. I must admit that my last chart was inaccurate with the prediction, so I have made a new one. Please tell me what you think in the comments below. This one is looking very interesting so stay tuned. Good luck! Disclaimer: As usual, this is not a perfect prediction. Don't put all of ...

InsiderB InsiderB PRO EURUSD, 60,
EURUSD: Eurusd : Simple setup to trade Breakout !
625 4 23
EURUSD, 60
Eurusd : Simple setup to trade Breakout !

Personally I feel the momentum is slowly decreasing with every upside push of EURUSD, so there are chances that it can turnout as false breakout if it happens to be upside. So on anyside breakout we should be quick to act & grab the pips. There are various methods people use to predict the direction of breakout (ex: elliott's), well, Lets keep it pretty simple : ...

moontumble moontumble PRO ETHBTC, 240, Long ,
ETHBTC: Wiggle wiggle wiggle...  ETH countertrend to BTC correction?
287 0 11
ETHBTC, 240 Long
Wiggle wiggle wiggle... ETH countertrend to BTC correction?

Technical view on ETH (find a macroview chart in update section) seems to corroborate an idea mentioned in my earlier post today on BTC (it is linked below), i.e. we might see a technically supported correction in BTC at the end of April indeed. The wedges in ETH's chart seem to equally converge towards a very pointy area of "forced decision making" by the ...

LewisGlasgow LewisGlasgow TOP XRPUSDT, 15,
XRPUSDT: Ripple - Price Structure
691 0 30
XRPUSDT, 15
Ripple - Price Structure

Interesting setup on the 15m chart for XRP/USDT with a pennant pattern, these patterns are meant to be traded as continuations... You can see this is clearly not the case as price has broken out of this area to the upside. The main purpose of this post is to highlight the key price structure within the market, refer to this chart whether you're going long or ...

ZainSaeed ZainSaeed EURUSD, W, Short ,
EURUSD: Big down side wave is on the way
129 0 10
EURUSD, W Short
Big down side wave is on the way

as we have see EURUSD still under pressure french elections are happing here so soon we might see big rides to the side as we can also a bearish pennant flag here which is looks like break already it is now testing it and we might see a big collapse for eu it might fall to 0.8500 so you should sell it now for mention targets by placing stops above the flag bottom ...

ElBasque ElBasque XMRUSD, D, Long ,
XMRUSD: XMR $30-$35 mid-may to jun
49 0 6
XMRUSD, D Long
XMR $30-$35 mid-may to jun

Currently in pennant, 1D ichi not much use but suggests support in $19-$20 range, which coincides with 50% fib of recent pump. Kijun is further support at the top of the embryonic cloud. Top of channel, bull pennant breakout and fib extension all agree on $35 American Pounds in the medium term.

mehmete53307683 mehmete53307683 GBPJPY, D, Long ,
GBPJPY: GbpJpy Long Term Down Trend may breakout to upward
152 0 5
GBPJPY, D Long
GbpJpy Long Term Down Trend may breakout to upward

Bullish Pennant Formation breakout in daily and weekly graphics... GbpJpy may start huge up move.. Targets about 160 levels For Bullish Pennant formation : www.babypips.com/blogs/currency-cross-eyed/cross-eyeing-awesome-bullish-pennant-on-gbpjpy.html

jsburgos jsburgos PRO ETHBTC, 240, Long ,
ETHBTC: ETH to the MOON
6599 39 77
ETHBTC, 240 Long
ETH to the MOON

We're inside of a bullish pennant within a bull market. I am basing this mainly on fractals. Fractals are honestly hard to spot and even hard to share (at least for me) so I won't focus on them for this explanation, although they are very important for my trading strategy. I have analysed this chart from many other perspectives and using other indicators. I've ...

CandleSticks CandleSticks NZDUSD, D, Short ,
NZDUSD: NZDUSD SHORT IDEA
36 0 6
NZDUSD, D Short
NZDUSD SHORT IDEA

SHORT AFTER LOWER BREAK SEEMS LIKE A GOOD IDEA

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