Pennant Pattern for Starters

Carry the pennant of the winners! Take your place among the winners by interpreting the formation correctly.

Technical Analysis
Turkish
TRY 95.92TRY 119.90

42 minute total time
11 downloadable documents
Lifetime access
Watch on all platforms

Acquirements

  • Recognizing pennant pattern
  • Predicting where prices may go with the formation
  • Deciding what to do in the movement
  • Target determination on sample charts

Description

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.

Tutors

Ahmet Mergen
Ahmet Mergen
Strategist

Course Content

4 chapters6 videos42 minute total time
Introduction
  • Introduction and Flag Formation05:43
Different Types of Flag Formations
  • Symmetrical, Ascending, and Descending Triangles in Bullish Trends08:54
  • Symmetrical, Ascending, and Descending Triangles in Bearish Trends10:09
Flag Formation Examples
  • Flag Formation Examples in Bullish Trends05:54
  • Flag Formation Examples in Bearish Trends07:19
Possibility of the Flag Pattern Turning into a Bull Trap
  • Flag Pattern in Bullish Trends and the Bull Trap04:49

Related Courses

TRY 95.92TRY 119.90

42 minute total time
11 downloadable documents
Lifetime access
Watch on all platforms