A pennant is a continuation pattern.
Statistics of pennant patterns
- In 75% of cases: a pennant’s continues in the same direction.
- In 15% of cases: a pennant’s continues tries to continue in the same direction but pulls back.
- In 55% of cases, a pennant continues in the same direction and reaches his target.
Notes on pennant patterns
- pennants with a narrow base perform better
- A pennant is stronger if there are no false breaks (false pattern exits).
- If their are pullbacks after exit from the pennant: its bad for its performance.
Statistics of pennant patterns
- In 75% of cases: a pennant’s continues in the same direction.
- In 15% of cases: a pennant’s continues tries to continue in the same direction but pulls back.
- In 55% of cases, a pennant continues in the same direction and reaches his target.
Notes on pennant patterns
- pennants with a narrow base perform better
- A pennant is stronger if there are no false breaks (false pattern exits).
- If their are pullbacks after exit from the pennant: its bad for its performance.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.