bullish pennant

Bullish pennant is a trend continuation chart pattern, which consists of a very strong but short-lived initial rally (pole) and a follow-up narrow-range consolidation (pennant), which looks like a small symmetrical triangle. Usually, when bullish pennants are broken to the upside, they offer a viable buy signal. The posts below demonstrate some trade examples based on bullish pennant patterns.

2021

• Bullish Flag and Pennant on AUD/USD and NZD/USD Weekly Charts

2020

• Six Flag & Pennant Chart Patterns for End of Year Trading

2019

• Non-Standard Bullish Pennant on GBP/JPY Daily Chart

2018

• GBP/CHF Is Ready to Switch to Uptrend with Help of Bullish Pennant
• Bullish Pennant on Daily Chart of CAD/JPY

2017

• AUD/USD in a Tight Bullish Pennant on Daily Chart
• USD/JPY Consolidates in Bullish Pennant After Rally

2016

• Three Chart Patterns for the Year’s End
• Bullish Flag Threatens to Break GBP/NZD Downtrend

2013

• Another Strange Bullish Pennant
• Loose Bullish Pennant on EUR/JPY Daily Chart

2011

• GBP/USD — Pennant Chart Pattern on H4