Article by Samin Gurung, see disclaimer at the end of the article.
Flags and Pennants are very reliable bullish continuation patterns. All of us know what a flag looks like. However, since the word ‘Pennant’ isn’t used so often in Nepal, some may not know about it.
A pennant is simply a flag that becomes narrower at the edge. Perhaps a pictorial representation will make it all clear.
Flags and Pennants in a stock chart
Do not expect to see a perfect flag or a pennant in a stock chart. When chart readers talk about the formation of a flag in a chart, they are talking about price movement that looks like a flag.
Just to introduce you to the topic, the following is a flag/pennant pattern formed in a stock…
Read full article at ShareSansar.com