Chart pattern bullish pennant
The exit direction of a pennant pattern depends on the movement that preceded it . The pennant's formation can therefore occur in a bullish or bearish trend. A The bull flag pattern is probably the most bullish chart pattern you can trade. of the pattern develops a consistent downtrend, its often called a bull pennant In the chart examples above this line is horizontal, but it can also be sloped as the The pennant pattern is one that you often see right next to the bull and bear