š Bullish Pennant Pattern: Get Ready for the Breakout! š
The Bullish Pennant is a powerful continuation pattern that appears during a strong uptrend. š It starts with a sharp price increase (the flagpole), followed by a brief period of consolidation with converging trend lines, forming a small symmetrical triangle. Once the price breaks out of the pennant, it often signals a strong move upward! š
Pro Tip: Watch for increased volume on the breakout to confirm the pattern! š
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