Continuation Patterns · Bullish
Bullish Pennant
A sharp rise followed by a small symmetrical triangle.
The pennant is tighter than a flag. Highs and lows converge quickly after the pole, and the continuation example breaks upward.
This is an example of how traders often plan the pattern. It is not a promise that price will reach the target.
Identification
- A sharp pole comes first.
- The next swings form a small triangle, not a channel.
- The example continuation closes above the triangle.
Market context
Pennants are short. A triangle that takes as long as the pole is better studied as a triangle.
Entry example
An example entry is the upward break.
Stop-loss example
An example stop is below the pennant.
Target example
A common teaching method projects the pole from the break.
Common mistakes
- Drawing the pennant so wide that it is no longer a brief pause.
Candlestick and chart patterns are probabilistic observations, not guaranteed trading signals. This page does not report a win rate.