▢️Pennant

Continuation pattern

Pennants are continuation patterns drawn with two trendlines that eventually converge. A key characteristic of pennants is that the trendlines move in two directionsβ€”one will be a down trendline and the other an up trendline.

Often, the volume will decrease during the formation of the pennant, followed by an increase when the price eventually breaks out.

Pennant

Reference: https://www.investopedia.com/articles/technical/112601.asp

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