Figure: Pennant and Flag

HELP IS NEEDED?

Get advice on your broker

BLOCK
NO ANSWER
REQUESTS $
THIEF?
SCAM?
TRADER?
SCAM?
WHAT TO DO?
DOES NOT OUTPUT
DOCUMENTATION
DECEPTION
FICTITIOUS
ANALYST
SCAMMER
COMPLAINT
CHECK

During a correction on a trend, such figures as: Pennant and Flag are often formed.

Pennant and flag patterns are a common occurrence during a trend, so if you meet any of the figures, know that this is a sign of an imminent continuation of the existing trend.

Here is an example of the Pennant technical analysis figure:

Pennant

Flag

As we can see in the screenshot, when the boundaries of the figure are broken, the current trend continues to move in the same direction.

Read also - Shape: Triangle

It is worth using these figures in trading, it helps to refine the signal using trading strategies and consequently earn even more.