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Chart PatternsF
Flag and Pennant
Continuation patterns that form after a sharp price move. Flags are rectangular; pennants are triangular. Both suggest the prior trend will continue.
Example
“After the stock surged 10% on earnings, a pennant formed with converging trendlines over three days, and the trader entered long on the breakout above the upper trendline, targeting a measured move equal to the flagpole.”