What is a Bearish Pennant Pattern

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=FrIS4Zxl4vk

What is a Bearish Pennant Pattern? • Bullish and bearish flag/pennant patterns can be identified often on charts that occur in a strong uptrend or a downtrend. They are called flag patterns because they resemble a flag on a pole seen on charts, and can be called bullish or bearish flags depending on the trend. The typical features of a flag pattern have a pole which is formed by a strong move up or down on high relative volume. • After, the stock consolidates near the top or bottom of the pole on lighter volume, forming the flag. Furthermore, after some consolidation, the price breaks out on relative volume to continue the trend. Flag patterns can be used in momentum trading and can be used on any candlestick time frame, especially the 5M frames to scalp short-term price movements. • The pennant pattern is identical to the flag pattern, however, the only difference is in the consolidation period where a flag has parallel trend lines and the pennant has converging trendlines. • Stock Sniper Trading Website: • www.stocksnipertrading.com • A trading platform that displays market liquidity. Check what candlesticks are hiding. • Register to Bookmap using this Link: • https://bookmap.com/members/aff/go/st... • Number 1 regulated brokerage I trade with AAAFx • Affiliate Link: https://my.aaafx.com/register?refLink... • Number 1 offshore brokerage I trade with HankoTrade • Affiliate Link: https://login.hankotrade.com/register... • Our recommended Prop Firm is My Forex Funds. Please see the code below for 5% off • Code: Stocksnipertrading • • We are not financial advisors, all content provided is for educational purposes only. We are here to provide free technical and fundamental analysis. Please consult with a licensed professional before entering the Stock or Forex Market. • • Stock Sniper Trading Website: • www.stocksnipertrading.com • #livetrading #nas100 #us30 #gold #trading #liveforextrading #forex #fxtrading #nasdaq #stocksnipertrading #motivation #livevideo #livescalping #cryptocurrency #Hankotrade #ftmo #MFF #myforexfunds #liveforex #newyorksession #forexeducation #crypto #education #mentor #tradingeducation #candlestick

#############################

New on site