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.
2019
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