In technical analysis, a pennant is a type ofcontinuation pattern. It's formed when there is a large movement in a security, known as the flagpole. Then, the flagpole is followed by aconsolidationperiod with converging trend lines—the pennant—followed by a breakout movement in the same dire...
6. (Zoology) the conspicuously marked tail of a deer 7. a less common name for bookmark 8. (Automotive Engineering) Austral and NZ the part of a taximeter that is raised when a taxi is for hire 9. (Economics) the pennant-shaped pattern that is formed when a price fluctuation is plott...
The opposite of a head and shoulders chart is theinverse head and shoulders, also called a head and shoulders bottom. It is inverted with the head and shoulders bottoms used to predict reversals in downtrends. This pattern is identified when theprice actionof a security meets the following cha...
Continuation: This is a bullish or bearish structure where price forms a short consolidation or base before pushing higher. During the base period, traders reaccumulate or redistribute their position in anticipation of the next rally or drop. This can form a triangle or pennant pattern....
usually go hand-in-hand withtechnical analysis. Paired with chart patterns, it’s easier to identify bearing pattern formations or potential reversals, which can further reveal thresholds for buying and selling put options. Descending triangles, bearish flags and bearish pennants can all signal opport...
Motion is the act or process of changing place or position, while Movement is the act of moving or a group with shared aims. Both involve change in position but can differ in context.
Moment refers to a brief period of time. Movement is an act or process of changing physical location or position.
a doji candlestick can be both bullish and bearish. they can also be neutral or consolidation candlesticks that make up bull flags and bear pennant patterns. they look like a plus sign with a small real body. if the real body is larger, it would be considered a spinning top . spinning ...
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Implications and outcomes: Suggest a period of consolidation where the market is undecided. The breakout direction is generally uncertain until it happens, although it continues in the direction of the trend preceding the pattern. Pennants Structure and appearance: are small and typically form after ...