A pennant is a type of continuation pattern formed when there is a large movement in a security, followed by a consolidation period followed by a breakout movement in the same direction as the initial large movement.
The initial move is met with large volume while the pennant have weakening volume.
Zlecenie aktywne
⋅
Target 1 done
Zlecenie aktywne
⋅
Both targets done but it can be carried for much longer