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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 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.
Jack_Boulevard Jack_Boulevard TRXBTC, 240, Long ,
TRXBTC: TRXBTC BITTREX
168 0 2
TRXBTC, 240 Long
TRXBTC BITTREX

Bullish flag forming on TRON at the moment. I am taking a bit of a risk with this trade as I have entered before the breakout and it could break down. I have a very tight stop loss in place. Just over 1 week till main net release i feel like the TA and fundamentals will mean a break up.

StockGuild StockGuild BYOC, 1D, Long ,
BYOC: $BYOC Audited Fins + Closing of First Major Acquisition = Soon
40 0 1
BYOC, 1D Long
$BYOC Audited Fins + Closing of First Major Acquisition = Soon

$BYOC Continues on a sideways trend awaiting the drop of audited Fins and the closing of its first major acquisition back in January. In addition uplistment and future acquisitions to take place over the coming year. DD posted in links below. Additional DD In Links Below

not_yoda not_yoda CVNA, 15, Long ,
CVNA: CVNA pennant
6 0 1
CVNA, 15 Long
CVNA pennant

could have this longer-term pennant breaking out bullish... i wouldn't mind!

CryptoWolfPack CryptoWolfPack BCNBTC, 60, Long ,
BCNBTC: BCN - Bull Pennant / Strong FA - BUY SIGNAL
1161 3 11
BCNBTC, 60 Long
BCN - Bull Pennant / Strong FA - BUY SIGNAL

Bull pennant formed, breakout pending. Resting on strong historic support. Strong fundamentals - roadmap update, hard fork and testnet all due before the 10th of July. BCN BUY: 100-110 SELL: 118 130 148 200 Stop loss: 190 Here is a look at the historic support - https://www.tradingview.com/x/dVNxKhip/

iamrodneyahenkan iamrodneyahenkan AUDJPY, 240, Short ,
AUDJPY: New Trade Idea: AUDJPY Short
70 0 5
AUDJPY, 240 Short
New Trade Idea: AUDJPY Short

AUDJPY looks like it has hit an area of resistance. Looks like a safe area to short. Would not be surprised if this run breaks the low before we take a huge bull run to the upside

mohsin.hussain mohsin.hussain TRXUSD, 240, Short ,
TRXUSD: TRX/BTC gives Bearish Pennant Pattern Sign
132 0 1
TRXUSD, 240 Short
TRX/BTC gives Bearish Pennant Pattern Sign

TRX/BTC gives Bearish Pennant Pattern Sign , If Broke Downward the lines then short.

Echofox Echofox WEED, 1D, Long ,
WEED: Breaking out of a monster bullish pennant
439 3 5
WEED, 1D Long
Breaking out of a monster bullish pennant

See chart

zp4rex zp4rex EURNZD, 60,
EURNZD: EURNZD, AB=CD&H-S&P.ACTION&RSI Divergence, 1H-1D, Sell
246 2 11
EURNZD, 60
EURNZD, AB=CD&H-S&P.ACTION&RSI Divergence, 1H-1D, Sell

AB=CD pattern completed on resistance level. Also there is a double top on daily chart. In addition on 1D and 4H chart we see RSI divergende. ______________________________________________________________________________ You can find more info in my telegram channel. you can see my social media links below. ...

YuyuCoyotte YuyuCoyotte DOGEUSD, D, Long ,
DOGEUSD: Get ready, doge is going to fly.
192 3 1
DOGEUSD, D Long
Get ready, doge is going to fly.

Adam and eve, bullish pennant.

CryptoWolfPack CryptoWolfPack EBSTBTC, 1D, Long ,
EBSTBTC: EBST - BUY SIGNAL
795 2 11
EBSTBTC, 1D Long
EBST - BUY SIGNAL

Bull pennant formed, continuation pattern, upward break pending. Solid upcoming fundamentals as well: Alaris airdrop screenshot on the 15th of may and payout 23rd of may. https://twitter.com/eBoostCoin/status/968286491704201217 Listing on more major exchanges before the end of Q2 https://eboost.fun/wp-content/uploads/2018/03/road-map4.jpg EBST BUY: 5800 down ...

AROD01 AROD01 WM, 1D, Short ,
WM: Waste Management (WM) Possible Flag or Pennant Pattern
30 1 1
WM, 1D Short
Waste Management (WM) Possible Flag or Pennant Pattern

I am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader. Waste Management (Ticker: WM) is in a possible Flag or Pennant. I think it's near the end and about to get squeezed out one way or another, but I don't know if it will be Bullish or Bearish. You can see the trending Resistance Line it ...

Dude56 Dude56 BTCUSD, 240, Long ,
BTCUSD: Bitcoin hidden bullish divergence!
2025 18 54
BTCUSD, 240 Long
Bitcoin hidden bullish divergence!

We can see a clear hidden bullish divergence here in 4 hrs chart which can result in a nice breakout that lead us to 10.4K as 1st target. The chart explains you how a hidden bullish divergence and shows you my vision for Bitcoin if we break the resistance line.

PVBTC PVBTC BNBBTC, 1D, Long ,
BNBBTC: BNB breakout incoming
334 3 3
BNBBTC, 1D Long
BNB breakout incoming

BNB looks like its about to breakout

kidzecoin kidzecoin ETHBTC, 60,
ETHBTC: ETHBTC awaiting a breakout
117 1 2
ETHBTC, 60
ETHBTC awaiting a breakout

TTM squeeze indicator shows the pair is squeezing hard on all lower timeframes. Price trading strictly inside a tightening range. Breakout in either direction is going to be massive. Have your stop orders ready. I currently is already in a long position. Stay safe, traders!

CryptoMoe81 CryptoMoe81 BTCUSDT, 720, Short ,
BTCUSDT: BITCOIN (#BTC): Bearish Flag - downtrend will continue
131 0 3
BTCUSDT, 720 Short
BITCOIN (#BTC): Bearish Flag - downtrend will continue

As was predicted even couple of days before, BTC is going down. It finished forming of reversal "Head and Shoulders" pattern and the price dropped again below $9000. Now, on 12H TF, you can see the well-known figure named "bearish flag" with the prospect of downtrend will continue. Let's take a look at EMA trend lines - possible "Golden Cross" failed (purple ...

icryptogod icryptogod AEBTC, 240, Short ,
AEBTC: AE looking HOT!
322 0 3
AEBTC, 240 Short
AE looking HOT!

Placing some buy bids down to 0.000400 for AE! Buy : 0.000400-420 (BUY BIDS) Stoploss after order get filled (0.000350) Sell : 0.000500 0.000650 0.000799 0.000850

YuyuCoyotte YuyuCoyotte DOGEUSD, 1D, Long ,
DOGEUSD: Both pattern !
86 0 1
DOGEUSD, 1D Long
Both pattern !

Bullish pennant in blue and in red Adam and Eve famous couple.

mikeram1971 mikeram1971 BB, 240, Long ,
BB: $BB Trying to trend a little bullish?
35 1 2
BB, 240 Long
$BB Trying to trend a little bullish?

$BB continues to wind up against this $10.84 level, which I cannot much understand exactly why. A very interesting looking 1H chart, and this 4H chart with this pennant forming. What do you think?

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