On the other hand, flags exhibit a more rectangular shape. It may also sometimes resemble a small parallel channel. The parallel trendlines in a flag pattern indicate a brief consolidation, with the price moving in a channel against the prevailing trend. Like pennants, flags are typically seen ...
Bear Pennant Vs. Bear Flag You can see that these two patterns share many traits, but when depicted on a chart, they appear slightly different. Prices consolidate between two convergent trend lines, forming a little triangular flag with a modest upward slope and a bear pennant stock pattern. ...