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West Coast Snapper

04/30/16 8:04 AM

#58405 RE: West Coast Snapper #58404

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.




Read more: Analyzing Chart Patterns: Flags And Pennants | Investopedia http://www.investopedia.com/university/charts/charts6.asp#ixzz47JKCdXNg
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JayBPee

04/30/16 8:12 AM

#58407 RE: West Coast Snapper #58404

Thanks for posting these terms and definitions. Lots of good info here for sure!

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DreDiZzlE

04/30/16 10:14 AM

#58414 RE: West Coast Snapper #58404

No more flag pattern . Damn!

I was thinking we might have crossed into a flying duck pattern but ill recheck for confirmation of pennant.