Awesome Image
Log In -or
Create your account
logo
Awesome Image
Start Challenge
Profit with our expertise
logo
ACADEMY

Bullish Pennant and Bearish Pennant Pattern Formation

Module 1
Module 2
Module 3
Basic Forex Education (12)
Chart Formation Patterns (13)
Forex Double Top and Double Bottom Pattern Formation
Lesson 1
Forex Head and Shoulders Pattern
Lesson 2
Forex Inverse Head and Shoulders Pattern
Lesson 2
Forex Bull Flag Pattern Formation
Lesson 2
Forex Bear Flag Patterns
Lesson 5
Bullish Pennant and Bearish Pennant Pattern Formation
Lesson 6
Forex Falling Wedge Pattern
Lesson 7
Descending Triangle Pattern and Ascending Triangle Pattern
Lesson 8
Forex Box Range: the Neutral Pattern
Lesson 10
Forex Cup and Handle Formation Pattern
Lesson 10
Forex Symmetrical Triangle Pattern
Lesson 12
Forex Inverse Cup and Handle Pattern
Lesson 12
Forex Rising Wedge Pattern
Lesson 13
Fibonacci (4)
Understanding Candlesticks (13)
Lesson 6
Bullish Pennant and Bearish Pennant Pattern Formation

Welcome to Lesson 6 of Forex Chart Formation Patterns. Today, we focus on the bullish pennant and bearish pennant patterns, two powerful continuation signals in trading.

What Is a Bullish Pennant Pattern?

The bullish pennant resembles the bull flag pattern, consisting of a strong upward move called the flagpole, followed by a consolidation phase known as the pennant. The pennant forms when support and resistance lines converge, squeezing price action before a breakout.

For a valid bull pennant, the consolidation should last no more than 30 sessions.

How to Trade the Bullish Pennant

Watch for an upside breakout from the pennant. Enter the market after this breakout and target a profit equal to the height of the flagpole measured from the pennant base.

Read MORE

Ready to prove your skills?

Start Challenge

Disclosure: All information provided on this site is intended solely for educational purposes related to trading on financial markets and does not serve as a specific investment recommendation. This is not an investment opportunity. You do not deposit any funds for investment. We do not ask for any funds for investment. There are no promises of rewards or returns. It’s crucial to differentiate between purchasing a program from PROP365 and depositing in a financial institution. The fees you pay for our programs are not deposits. PROP365 does not offer financial advice or issue or deal in financial products. All trading will occur on demo accounts under simulated live trading conditions. All funds are simulated trading funds, and all profits are simulated profits.

© 2025 Brynex Tech Limited. All Rights Reserved.

Cookie Policy · Terms & Conditions · Disclaimer · Refund Policy · Privacy Policy