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description: Continuation pattern
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# Pennant

Pennants are continuation patterns drawn with two trendlines that eventually converge. A key characteristic of pennants is that the trendlines move in two directions—one will be a down trendline and the other an up trendline.&#x20;

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

<figure><img src="https://929344964-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5nf3g52cn0PXZ0Xzzs9m%2Fuploads%2FNapvCtWCbydNUH5wEZnm%2Fimage.png?alt=media&#x26;token=95b6fd2b-461a-4817-be15-d1202f3ccc98" alt=""><figcaption><p>Pennant</p></figcaption></figure>

Reference: [https://www.investopedia.com/articles/technical/112601.asp](https://www.investopedia.com/articles/technical/112601.asp)
