Bull Pennant
ChartBullishContinuationReliability:
A steep, near-vertical rally pauses inside a small converging triangle, then breaks upward to resume the uptrend.
Description
The pole is a strong, near-vertical rally, followed by a small symmetrical triangle whose swings converge (unlike a flag's parallel channel), then price breaks out upward.
Market psychology
An explosive move pauses to consolidate as the crowd catches its breath before the next leg up.
How to trade
Enter on the upside breakout; the measured target is the pole height added to the breakout point; place the stop below the pennant low.
Confirmation
A decisive close above the upper converging line, ideally on rising volume.
Also known as: Bullish Pennant
Educational content only — not financial advice. Cryptorua reads public market data and never places orders.