Pennant
A short-term congestion pattern (perhaps one to three weeks) that narrows into the form of a small triangle. (Pennants are essentially shorter duration triangle patterns.) See also Flag.
Articles related to Pennant
July 2, 2008
Austin Passamonte
Simple price patterns are nothing more than reflections of the human emotions of fear & greed measured with real money at work in the markets. Here is a guide to key price patterns that every trader should be aware of.
(more)February 28, 2007
Jason Alan Jankovsky
After yesterdays sharp break in the USD, today’s action would be considered more subdued and potentially a recovery.
(more)<< Back to Trading Glossary Index
