PEL form PENNANT patternExpecting breakout for go Long .
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.
