Pennon

24.07.2017

A figure of Forex market technical analysis and usually signifies the continuation of a trend. As a rule, a Pennant is made up of 5-15 candles. This figure is commonly thought of as a pause in the trend which signifies its continuation. A pennant is sometimes confused with a triangle, although a triangle takes much more time to form. A fall in volumes is sign which indicates a pennant.

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