Pennant
A small symmetrical-triangle consolidation after a sharp move, resolving as a continuation in the same direction.
A pennant looks like a tiny symmetrical triangle that forms right after a strong, near-vertical move (the pole). Converging trendlines of lower highs and higher lows show a brief, tight pause as the move catches its breath.
The breakout in the direction of the pole is the trigger; the target projects the pole's height from the breakout. A pennant differs from a flag in that its consolidation converges to a point rather than running as a parallel channel.
On StockSetups
Bullish pennants are among the continuation shapes StockSetups surfaces, ranked by tightness and volume so the cleanest coils rise to the top.
Related terms
See pennant on tonight's board.
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