Study notes based on the Babypips course.
Based on this article:
www.babypips.com/learn/forex/pennants
Bullish pennants are formed in an uptrend and imply that the bulls are about to charge again!
- Uptrend
- Breather, consolidation into a tight range
- Breakout to the upside
Flagpole can be used to measure size of the breakout upside potential
Based on this article:
www.babypips.com/learn/forex/pennants
Bullish pennants are formed in an uptrend and imply that the bulls are about to charge again!
- Uptrend
- Breather, consolidation into a tight range
- Breakout to the upside
Flagpole can be used to measure size of the breakout upside potential