- A pennant has to have less than thirty price candles. Over thirty and the pattern is considered a triangle. - A pennant has to be preceded by a strong steep up move or down move that resembles a ...

Gold triggers a decisive upside breakout of a bull pennant pattern (small symmetrical triangle). Strength was confirmed as gold easily exceeded both 2,003 and 2,010 highs. In addition, an 88.6% ...

The first pennant formed over 11 days and broke out on the 12th day, while the current formation is completing its 10th day today. Volatility compresses further as gold trades inside day as it again ...

The Stock Pennant Pattern is a popular chart pattern among traders, signaling potential continuation in the direction of the current trend. This pattern forms during periods of consolidation following ...

James Chen, CMT is an expert trader, investment adviser, and global market strategist. Samantha (Sam) Silberstein, CFP®, CSLP®, EA, is an experienced financial consultant. She has a demonstrated ...

Pennants are short-term continuation patterns that mark a small consolidation before resuming the previous move in the same direction. This pattern is formed when there is a large movement in a ...

As you navigate the complexities of the foreign exchange market, understanding chart patterns like the ascending triangle can elevate your currency trading game to new heights. This comprehensive ...

Continuation patterns are a type of chart pattern that forms during a temporary pause in an existing market trend before it resumes. These patterns suggest that the forex market is taking a breather ...

Volatility compresses further as gold trades inside day as it again tests recent support. This follows nine days of narrow range sideways consolidation. Once again, it looks like gold could close at ...