Continuation · Bullish · Medium reliability
Pennant Pattern Explained
Breakout usually follows the sharp move that formed the pole.
What it looks like
A short-term continuation pattern with converging trend lines.
Short consolidations after news or momentum spikes.
Visual example
Illustrative geometry on ChartNox charts — not a live trade signal.
How to identify it
- Sharp pole followed by converging trend lines (small triangle).
- Volume typically fades inside the pennant.
- Breakout direction usually follows the pole.
When the read is wrong
Invalid if consolidation breaks opposite to the pole direction.
Common mistakes
- Calling a large triangle a pennant. A pennant is small compared with its pole.
- Missing the pole. Without a sharp move before it, it is just a small triangle.
Questions and answers
Is a pennant bullish or bearish?
It usually follows the direction of the pole. A pennant after a sharp rise leans bullish, and one after a sharp drop leans bearish.
What is the difference between a pennant and a symmetrical triangle?
A pennant is small and short and follows a sharp pole. A symmetrical triangle is usually larger and takes longer.
Ask ChartNox AI about Pennant
Open the tutor with this pattern pre-seeded. Educational coaching only — not a trade recommendation.
- How do I identify a Pennant on a chart, step by step?
- What usually invalidates a Pennant pattern?
- What mistakes do beginners make with Pennant?