Pennant Pattern for Starters

The pennant pattern that results when prices halt and move up and down after a quick and streaky rise or fall is what gives fast-moving stocks their moniker. In an ascending trend, the formation begins with the breaking of the pennant's upper line, and after it is complete, a rise in the flagpole's length is anticipated. In a downtrend, the scenario is the opposite; it begins with the breaking of the pennant's bottom line, and after the formation is complete, a fall in the flagpole's length is anticipated.

Investors will learn the knowledge they need to identify and comprehend pennant patterns, which can appear when stock charts experience sudden ups and downs. This will help you determine the appropriate course of action for when to take action, how long the pause will remain, and if the pattern will continue. The pennant pattern will be introduced to the investor throughout the training using sample images that include all of its characteristics.