• Similar to a Symmetrical Triangle but generally “stubbier” or not as elongated. A price bar pattern in which the slope of price bar highs and lows are converging to a point so as to outline the pattern in a symmetrical triangle. Chartists frequently “buy” or (go-long) on a break up and out of the Pennant or “sell” (go-short) on a break down and out of the Pennant.

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