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BIGRED44

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BIGRED44

Re: A deleted message

Friday, 09/09/2011 1:32:11 PM

Friday, September 09, 2011 1:32:11 PM

Post# of 30387
The Pennant
The pennant forms what looks like a symmetrical triangle, where the support and resistance trendlines converge towards each other. The pennant pattern does not need to follow the same rules found in triangles, where they should test each support or resistance line several times. Also, the direction of the pennant is not as important as it is in the flag; however, the pennant is generally flat.


Thanks for the chart!



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