Assertion: pennant | /r/HasProperty | continuation patterns
Facets:
value: in technical analysis
type: OTHER
value: with a good degree of reliability
type: OTHER
Source sentences:
text: While both the symmetrical triangle and the pennant are continuation patterns with a good degree of reliability, there are two key differences between the two in terms of their formations.
text: A pennant is a continuation pattern in technical analysis formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines - the pennant - followed by a breakout movement in the same direction as the initial large movement, which represents the second half of the flagpole.﻿﻿
text: Pennants are continuation patterns where a period of consolidation is followed by a breakout.
text: Because pennants are continuation patterns, price is looking to move in the same direction that it was trading in before moving into the consolidation period.
text: Pennants are continuation patterns where a period of consolidation is followed by a breakout used in technical analysis.