Eth 
2025-01-07
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A Pennant pattern in technical analysis is a continuation pattern that takes a short pause or break in a strong price rally, followed by a breakout in the same direction as the initial move. Typically, it appears on the chart after a strong downtrend or uptrend, where the price hang around for a while. During consolidation, it forms a small, symmetrical triangle, shaping like a flag pole with a Pennant on top.