James Chen, CMT is an expert trader, investment adviser, and global market strategist. Samantha (Sam) Silberstein, CFP®, CSLP®, EA, is an experienced financial consultant. She has a demonstrated ...
According to Thomas Bulkowski, one of the most profitable technical patterns is the high and tight flag, breaking higher. According to Bulkowski, when properly recognised, it can reach a target up to ...
Typically seen after a big move in one direction in a particular financial instrument, flags and pennants represent brief consolidations or pauses in the market before a resumption of the trend in ...
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Amazon's Chart Just Flashed a Pennant Pattern-Here's What to Do
Tech titan Amazon.com Inc (NASDAQ: AMZN) closed just under $230 on Tuesday evening, extending an 8% gain since the first week ...
The Stock Pennant Pattern is a popular chart pattern among traders, signaling potential continuation in the direction of the current trend. This pattern forms during periods of consolidation following ...
What is a bullish pennant? A bullish pennant is a technical trading pattern that indicates the impending continuation of a strong upward price move. They're formed when a market makes an extensive ...
Flags are among the most-referred patterns in technical analysis that can provide clues to the price trend and potential next move. In technical analysis, a flag pattern indicates short-term price ...
Bearish pennants and bullish pennants can indicate that major price action is on the cards – so understanding them is crucial for any technical trader. Here’s an introduction to how pennants work, and ...
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