Bullish Pennant
How to Trade Bullish Pennant Patterns?
Pennant patterns are market continuation patterns that are utilized by traders to forecast future market moves. The pennant pattern, like the triangle pattern, has several significant factors to remember when trading. In this chapter, we'll study what a bullish pennant pattern is and how to spot one in a chart. We'll go through how to use this pattern to make better deals.
Name: | Bullish Pennant |
---|---|
Forecast: | Continuation Pattern |
Trend prior to the pattern: | Uptrend |
Opposite pattern: | Bearish Pennant |
Accuracy rate: | 84% |
Technical Analysis: Candlestick Trading For Beginners
This course will teach you how to utilize Japanese candlestick patterns to predict market turns.
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