Archive for May 20th, 2010

Successful Trading Chart Patterns – Part 2 of 7

Continued From Part 1

5. Bull Pennant

Close to the bull flag, bullish pennants involve two important elements – 1. a near vertical, high volume short-term price jump, or flag pole, and 2. a symmetrical, lower-volume triangle-shaped consolidation. This consolidation, with price maneuvering toward a single equilibrium, has a corresponding price action and end implications…………….

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