- A pennant has to have less than thirty price candles. Over thirty and the pattern is considered a triangle. - A pennant has to be preceded by a strong steep up move or down move that resembles a ...

Pennants are short-term continuation patterns that mark a small consolidation before resuming the previous move in the same direction. This pattern is formed when there is a large movement in a ...

Click to open image viewer. A brown triangular pennant with a brown cloth stripe and two tassels located at the wider end. The left portion of the pennant features an image of Lindbergh's head inside ...