We are what we think; all that we are, arises with our thoughts; with our thoughts, we make the world.

A penant is a formof consolidation. We do not trade penants, we wait for a breakout.
Here are some examples of penants.

Flag Poles tend to break out in the direction of the previous trend.

Flag pennant

Flag pennant

Ascending penants tend to break out north 80% of the time.

Descending penants tend to break out south 80% of the time.

Ascending and Descending Penants

Ascending and Descending Penants

Diamond penants tend to break out in the direction of the previous trend.

Diamond Penant

Diamond Penant

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