{"id":243,"date":"2023-10-24T12:31:04","date_gmt":"2023-10-24T12:31:04","guid":{"rendered":"https:\/\/finance.canvaaslabs.com\/?p=243"},"modified":"2023-10-24T12:31:04","modified_gmt":"2023-10-24T12:31:04","slug":"pennant-chart-pattern","status":"publish","type":"post","link":"https:\/\/finance.aipropixel.com\/index.php\/2023\/10\/24\/pennant-chart-pattern\/","title":{"rendered":"Pennant Chart Pattern"},"content":{"rendered":"<p><span style=\"color: #000000;\"><strong>Identification:<\/strong> A pennant is a continuation pattern which is formed when initially there is a large movement in a security, known as\u00a0the flagpole, which is then followed by a consolidation period with converging trend lines, known as the pennant.<br \/>\n<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>Occurrence:<\/strong> This pattern occurs during a consolidation period after a large movement has occurred.<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>Study:<\/strong> The end of pennant signifies the chances of a breakout movement in the same direction as the initial large movement, further representing the second half of the flagpole. Consolidation occurs at lower volumes and breakout during higher volumes.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Identification: A pennant is a continuation pattern which is formed when initially there is a&#8230;<\/p>\n","protected":false},"author":1,"featured_media":244,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chart-analysis"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/finance.aipropixel.com\/index.php\/wp-json\/wp\/v2\/posts\/243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finance.aipropixel.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finance.aipropixel.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finance.aipropixel.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finance.aipropixel.com\/index.php\/wp-json\/wp\/v2\/comments?post=243"}],"version-history":[{"count":0,"href":"https:\/\/finance.aipropixel.com\/index.php\/wp-json\/wp\/v2\/posts\/243\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finance.aipropixel.com\/index.php\/wp-json\/wp\/v2\/media\/244"}],"wp:attachment":[{"href":"https:\/\/finance.aipropixel.com\/index.php\/wp-json\/wp\/v2\/media?parent=243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finance.aipropixel.com\/index.php\/wp-json\/wp\/v2\/categories?post=243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finance.aipropixel.com\/index.php\/wp-json\/wp\/v2\/tags?post=243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}