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.
Π‘Π΄Π΅Π»ΠΊΠ° Π°ΠΊΡΠΈΠ²Π½Π°
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Target 1 done
Π‘Π΄Π΅Π»ΠΊΠ° Π°ΠΊΡΠΈΠ²Π½Π°
β
Both targets done but it can be carried for much longer