How to spot a Bullish Pennant
- A strong, fast move up first
- A small triangle with converging lines
- Usually short in time compared with the pole
- Breaks upward out of the triangle
What the Bullish Pennant tells you
The pennant is a brief pause where buyers and sellers squeeze into a tight range. In a strong trend, the break is often in the same direction as the pole.
How traders use it
- Enter on a close above the upper line of the pennant
- Place the stop below the pennant low
- A common target is the pole length added to the breakout point
Common mistakes
- Calling a large triangle a pennant: pennants are small and quick
- Entering before the breakout
- Ignoring a break to the downside
See it on a real chart · EP 03Trend and Trendlines: How to Draw ThemWatch the free lesson →
Questions about the Bullish Pennant
What is a bullish pennant?
It is a short pause shaped like a small triangle after a strong move up, which often continues upward.
Pennant vs symmetrical triangle?
A pennant is small, short and comes right after a strong pole. A symmetrical triangle is usually larger and can form anywhere.
For education only, not financial advice. The chart is an illustration of the pattern, not real market data. No pattern works every time; always use a stop-loss.