Pennant:

1. The change in trading volume during the whole process is very obvious. The rising (or falling) process before the pattern appears, that is, the flagpole formation stage, is generally accompanied by a rapid increase in trading volume. When the market enters the consolidation stage, the trading volume will continue to shrink, and once the original trend is restored, it will often be accompanied by huge trading volume. This pattern generally appears when the market is relatively active.

2. Because the market is full of vitality at this time, except for the short triangle consolidation stage, most of the time it appears in a relatively violent, almost linear fluctuation, so there is the term "flagpole".

3. The duration of the pennant pattern is very short. Not only is the formation of the flagpole and the subsequent trend recovery process relatively rapid, but the time of triangle consolidation is also relatively short. According to experience, it is generally agreed that the entire pennant should be completed within three or four weeks, and the duration of the triangle consolidation during the period is shorter, generally not more than one to two weeks.

4. The rise (or fall) after the pennant occurs is approximately the same as the rise (or fall) before the pattern occurs, that is, the length of the flagpole, that is, the triangle consolidation pattern appears in the middle stage of the rising (or falling) trend. Therefore, the pennant is likened to a flag at half-mast at the midpoint of the flagpole.

5. Sometimes when a pennant is completed, the next pennant will form. Occasionally, during the rise (or fall) process, there may be multiple pennants. #币安合约锦标赛 #币安上线ZK