Updated
PEL form PENNANT pattern
Expecting breakout for go Long .
Disclaimer: Analysis in charts are only for educational and information purpose only. Invest or Trade at your own risk management.
- Pennants are continuation patterns where a period of consolidation is followed by a breakout used in technical analysis.
- It's important to look at the volume in a pennant—the period of consolidation should have lower volume and the breakouts should occur on higher volume.
Disclaimer: Analysis in charts are only for educational and information purpose only. Invest or Trade at your own risk management.
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Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.