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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 has completed 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 may look for additional confirmation of the trend continuing. The target can be estimated using 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.
DLavrov DLavrov PRO OMGUSD, 60, Long ,
OMGUSD: OmiseGo Pennant Chart Pattern
7105 13 87
OMGUSD, 60 Long
OmiseGo Pennant Chart Pattern

Based on the 1H chart we can draw a pennant chart pattern. It's a continuation pattern and we should expect for further upward movement. Pending orders for buy must be placed at 8.74 level. Stop orders must be below 7.80 level. Profit targets are 9.50 and 10.00 levels. If the price drops below the bottom line of the pennant, we'll see downward movement to the ...

samandreasfault samandreasfault GDX, D, Long ,
GDX: A buyer once it breaks through this downtrend
78 0 5
GDX, D Long
A buyer once it breaks through this downtrend

A buyer once it breaks through this downtrend

yy_fxs yy_fxs ETCUSD, D, Long ,
185 0 7

Disclaimer : Trade what you see, not waht you feel, and always trade with your own risk. Thank you

zippy1day zippy1day PRO BCHUSD, 60, Long ,
BCHUSD: BCH Pennant?
406 2 6
BCHUSD, 60 Long
BCH Pennant?

A possibility at the moment with targets as per chart only an estimate!

DLavrov DLavrov PRO ETHUSDT, 240, Long ,
ETHUSDT: Ethereum Pennant Chart Pattern
9208 17 88
ETHUSDT, 240 Long
Ethereum Pennant Chart Pattern

Let's look at 4H chart of Ethereum. We can draw a pennant chart pattern which is belong to a continuation group of patterns. Mainly after a breakout of its signal line, a market continues the previous trend. We have to trade this pattern based on a breakout signal. We should expect that the price breaks the top border of the pennant. Pending orders for buy should ...

OmegaTrade OmegaTrade GNOBTC, 15, Long ,
GNOBTC: GNOBTC Pennant Continuation LONG (18-30%)
154 1 4
GNOBTC, 15 Long
GNOBTC Pennant Continuation LONG (18-30%)

Huge bullish pennant continuation setting up on GNOBTC and with a lot of sideways consolidation in the last 18 hours. The Bollingers are getting super tight as well so we could be looking at something rather soon (next 48 hours). Buy walls are behind this like Donald Trump was behind....well...Donald Trump. The flag pole on this showed an increase of 0.075 BTC, ...

Apple22 Apple22 GBPJPY, D, Long ,
GBPJPY: GBPJPY Flat top on Daily
169 3 7
GBPJPY Flat top on Daily

GBPJPY Flat top on Daily multi pin bars on lower band. looking @ 148 to take profit

myownman myownman PRO ETHUSD, 30, Long ,
ETHUSD: ETHUSD is breaking out.  Volume to confirm huge rise.
559 2 8
ETHUSD, 30 Long
ETHUSD is breaking out. Volume to confirm huge rise.

My target's a smidge over $400 if volume continues to pick up. ETHBTC seems to have bottomed out around 0.084 and looks ripe for a run, so I'd say going long on either ETHUSD or ETHBTC is a high percentage position.

myfye13 myfye13 PRO AMZN, D,
AMZN: AMZN Head & Shoulders
46 1 4
AMZN Head & Shoulders

Look for a bounce before AMZN completes the H&S. 1st Price target is at $900, and the 2nd would be around the $847 mark. The bulls will not go quietly with this stock. A breakout above $991 should be viewed as bullish and the trade would be off.

samandreasfault samandreasfault AMD, W, Long ,
AMD: Comments on Weekly
135 0 2
AMD, W Long
Comments on Weekly

IMO, 11.88 is the bottom for the time being, we are still sitting in a bull pennant. Also, today (8/16), we tested the middle bollinger (12.52) and closed above it. If we maintain this, I think we see a lot of positive movement over the next few weeks. Time will tell :)

MarcPMarkets MarcPMarkets PRO ETHUSD, 240,
ETHUSD: ETHUSD Perspective And Levels: Pennant Under Resistance Zone.
2609 20 33
ETHUSD Perspective And Levels: Pennant Under Resistance Zone.

ETHUSD Update: Consolidating into what appears to be a pennant formation just under the 306 resistance. In terms of structure this market is still bullish and the 350 area still serves as a good target to complete the broader Wave 3. Pennant formations are just another consolidation where the trend lines converge on an angle. It is a little early to say, but this ...

SpielMeister SpielMeister ETHKRW, 60, Long ,
ETHKRW: Eth Long. False breakout of bull pennant is good buying opp.
136 2 3
ETHKRW, 60 Long
Eth Long. False breakout of bull pennant is good buying opp.

Korean Won shows consistent bull pennant and passive reaction to BTC dump. USD markets are subject to manipulation by Whales that dump ethereum in tandem with bitcoin to maintain a desired ETHBTC pair price. This gives a good buying opportunity to those that trust that Korea is the canonical market for Ethereum.

AussieTraider AussieTraider ETHEUR, 60, Long ,
ETHEUR: Bullish Pendant?
190 1 5
ETHEUR, 60 Long
Bullish Pendant?

Looks like ETH is forming a bullish continuation pendant and price could continue on the upward trend soon. While it's doesn't form the perfect pattern what do people think? Is it too loose to be a good signal, or is it worthwhile keeping an eye on?

BTCFailWhale BTCFailWhale VRMBTC, 240,
50 0 3

This pretty much speaks for itself. Pennant - Bottom tested 4X - Top tested 2X ..almost a no-brainer trade.

ChartingTrades ChartingTrades SP1!, D, Short ,
SP1!: S&P 500 down to 2300-2320?
22 0 3
SP1!, D Short
S&P 500 down to 2300-2320?

Yesterday's failed attempt to break higher generated a nasty reversal candle. Please read more in my blog post here:

nzhoenfx nzhoenfx ETHUSD, 240, Long ,
407 0 7
ETHUSD, 240 Long
Just STOP and BUY..

Low risk high return investment..

DLavrov DLavrov PRO BTCUSDT, 240,
BTCUSDT: Bitcoin Pennant Chart Pattern
10199 46 137
Bitcoin Pennant Chart Pattern

If we look at 4H chart, we can see a pennant chart pattern. It's a continuation pattern and mainly after a breakout of its signal line, a market continues the previous trend. The pennant is formed by support and resistance lines converge towards each other. We have to trade this pattern based on breakout signals. As it's a continuation pattern we should expect ...

Dukascopy Dukascopy PRO GBPCAD, 60,
GBPCAD: GBP/CAD 1H Chart: Pennant
61 0 3
GBP/CAD 1H Chart: Pennant

GBP/CAD 1H Chart: Pennant The British Pound is trading against the Canadian Dollar in a pattern similar to pennant that started to form after a six-hour depreciation of the Sterling by 0.69%. Traditionally, pennants themselves are made of symmetrical triangles, but this time it made of an ascending triangle. From the triangle’ point of view, the breakout ...

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