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The flag and pennant patterns are commonly found patterns in the price charts of financially traded assets (stocks, bonds, futures, etc.). [1] The patterns are characterized by a clear direction of the price trend, followed by a consolidation and rangebound movement, which is then followed by a resumption of the trend. [2]
Pennant race, the race to clinch the division title in a regular baseball season; Pennant (military), a tapering flag historically carried for identification purposes by cavalry detachments, attached to lances or standard poles. Pennant, a reference to Flag and pennant patterns in technical analysis of a stock market chart
A flag flown from a short jackstaff at the bow of a ship. National flag. Main article: National flag. A flag that represents and symbolizes a given nation. It is flown by the government of that nation, but can also be flown by its citizens. Pennon or pennant . Main article: Pennon. A flag that is wider at the hoist than at the fly. Pipe banner
Triangular pennant Tapering pennant Triangular swallowtail pennant. A pennon, also known as a pennant or pendant, is a long narrow flag which is larger at the hoist than at the fly, i.e., the flag narrows as it moves away from the flagpole. It can have several shapes, such as triangular, tapering (square tail) or triangular swallowtail (forked ...
The broad pennant combination of the English Flag [2] at the hoist and the Dutch National Flag [3] in the fly originates from the Anglo-Dutch wars of the late 17th century, when it was used on Sundays to indicate that a service was in progress and a ceasefire existed between the warring nations.
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