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Glossary

Terms6 shown

Continuation patternIf a descending wedge appears as a brief consolidation within an uptrend, a breakout may resume the original upward trend.
FlagA narrow consolidation area that forms after the flagpole, in which the price moves sideways or retraces slightly, while trading volume typically declines.
FlagA narrow upward move or sideways consolidation phase that appears after the flagpole, during which trading volume typically contracts.
Bullish pennantA bullish continuation pattern in which the consolidation zone forms a small triangle; its essence remains a brief pause after a sharp rally.
Bull flagA chart pattern in which a brief consolidation or slight pullback occurs after a strong rise, potentially followed by a continuation of the uptrend after an upside breakout.
Bear flagA flag pattern that appears in a downtrend, indicating that the price may continue to decline after a brief consolidation.

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Definition

Bullish pennant

A bullish continuation pattern in which the consolidation zone forms a small triangle; its essence remains a brief pause after a sharp rally.

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