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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.
Apple22 Apple22 GBPUSD, 60, Long ,
GBPUSD: gbpusd time to break out
97 1 1
GBPUSD, 60 Long
gbpusd time to break out

gbpusd time to break out

coco_q8 coco_q8 AMD, 180, Long ,
AMD: Consolidation area in AMD Stock
86 0 1
AMD, 180 Long
Consolidation area in AMD Stock

(Flag pole and Pennant) formed in AMD stock with a Bullish position, ENTRY: after Breakout of resistance trend level with a HIGH volume as a confirmation of direction. Time Frame: Should see the results in anytime up to few weeks.

KausarRaja KausarRaja WTIUSD, 120, Short ,
WTIUSD: CRUDE OIL- Looking bearish for an week with bearish pennant
12 0 1
WTIUSD, 120 Short
CRUDE OIL- Looking bearish for an week with bearish pennant

CRUDE OIL looking bearish on 2 hourly chart as its trading below trend line and about to break bearish pennant. We ll see soon 3$-4$ correction below 63.30 within couple of weeks.......! Have a nice Trading.!!!

longtrade longtrade SNAP, 240,
SNAP: SNAP - Next Few Months will be crucial
9 0 1
SNAP, 240
SNAP - Next Few Months will be crucial

Support - $12 Resistance - $16 A pennant is being formed here, so very likely that it will trade within the range and then break out either to the upside or downside. Next few months will be crucial for SNAP and we will get a clear picture to where it is headed. NOTE TO SELF : HOLD

afmarko99 afmarko99 PRO ENJBTC, 720,
ENJBTC: The little $ENJ ine that could?
24 2 0
The little $ENJ ine that could?

I posted recently that Enjin coin might hold it's pennant for support, which by the way it tried to, but was forced down by Bitcoin 4.60% and the overall crypto market. Since then ENJ -0.02% like others has recovered and in my opinion has entered bullish territory again. Looking at the chart is has broken back above the bottom of its overall uptrend channel and ...

XVGUSD: Still looking for bottom
237 2 1
Still looking for bottom

Looking for signs that we hit bottom. I jumped the gun and already bought back in. Should have waited for more signs and confirmation.

atovar10 atovar10 PRO EURNZD, 60, Long ,
36 0 2
EURNZD, 60 Long

Euro is looking strong against multiple pairs, here is sitting on local support turned resistance. It has also formed a pennant that is looking to break upwards. If it doesn't break up we can see more consolidation and a possible down turn to retest support.

Luiserebii Luiserebii PRO TRXBTC, 30, Long ,
TRXBTC: Tronix (TRON/TRX) Bullish Pennant - One Final Push? (102% Gains)
2150 19 15
TRXBTC, 30 Long
Tronix (TRON/TRX) Bullish Pennant - One Final Push? (102% Gains)

Tronix (TRON/TRX) has had quite the rise lately, rising from being a lower altcoin to being ranked #6 in terms of market cap. And now, in the twilight of the altcoins, as BTC prepares to rise, Tronix is preparing to break out of a larger bullish pennant visible in the hourly charts. Currently, BTC seems ready to sink a little in its current ascending channel ...

CryptoFeynman CryptoFeynman PRO VENBTC, 60, Long ,
465 8 5
VENBTC, 60 Long

This TA is a bit out there as I see it as being very optimistic; that being said I could see VENBTC following its pattern of sudden growth that it has been experiencing in the past. Currently forming a pennant on the 60min chart ; it could break anytime soon.

mehdione mehdione BTCUSDT, D, Long ,
190 0 3


DianKemala DianKemala PRO IOTUSD, 240, Long ,
24545 87 194
IOTUSD, 240 Long

IOTUSD perform bullish pennant, if this pattern break up and success break bullish confirmation line at 1.54737, we have target at 2.12657 But if this pattern break down, prepare to buy at support at 0.77251 Good luck

jamjahal jamjahal FUELBTC, 240, Long ,
FUELBTC: FUEL BTC long bull pennant
314 3 2
FUELBTC, 240 Long
FUEL BTC long bull pennant

Newbie here testing an idea. Looks like a bull pennant closing in the next two days. If it breaks 2500 I am looking at a target of 3800 in the short term based on the length of the last flagpole. Fuel has been bouncing off of the MA20 and i think it will do so again. I will be keeping my eye out for a spike in volume above the MA20.

xcache xcache PRO XBTUSD, D, Short ,
XBTUSD: $bitcoin chart.
164 0 3
$bitcoin chart.

https://twitter.com/CacheBoi/status/951605256877760512 - OG twitter thread for ref. Crucial diagonal support trend on the pennant drawn broken, we have little to do except for look at the rest of the diagonal supports and EMA. Price ranges showing %s, it would make sense that we judas down to let big money in, shake out retail. Would be hilarious if this was a ...

Horizal Horizal EURUSD, 15, Short ,
EURUSD: EURUSD - Bearish Pennant
123 2 4
EURUSD, 15 Short
EURUSD - Bearish Pennant

Quite new to trading might have identified a good candidate for a long trade. Good signs of a Bearish Pennant. Please comment if you see a different image!

samandreasfault samandreasfault PRO AMD, 15, Short ,
AMD: Bear Pennant
85 0 2
AMD, 15 Short
Bear Pennant

Sorry peeps

MarcPMarkets MarcPMarkets PRO BTCUSD, 720,
BTCUSD: BTCUSD:Facing CME Volume And A Bearish Formation. 20K Anyway?
6755 25 117
BTCUSD:Facing CME Volume And A Bearish Formation. 20K Anyway?

BTCUSD update: Minor retrace to the 18k level followed by a bullish pin bar off of a narrowing channel that points to an attempt at 20k. Now that both the CBOE and CME futures are in play, I anticipate more and more price noise in this market, and based on the current structure, a test of the psychological 20k level. As far as levels goes, not much has changed ...

gandolfthegray gandolfthegray SPRBTC, 60,
SPRBTC: SPR Pennant Forming
189 3 2
SPR Pennant Forming

SPR looks to be heading for another nice jump following completion of the current pennant formation. Based on past patterns, it appears likely that it will break up out of the pennant. Then after it breaks out of the resistance, it will move up through the established channel and continue through the top of the channel. Finally after passing through the top ...

ZuraV ZuraV ADXBTC, 240, Long ,
ADXBTC: adx/btc +120%
219 0 1
ADXBTC, 240 Long
adx/btc +120%

1- 30k 2- 45k

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