Dear friends, forex main pennant pattern ka shumar aik short term continuation pattern main hota hay jo longer moments main ongoing trends kay almost mid ko point out karta hay, yeh consolidation period bannay main flag pattern say resemble karta hay magr dono main farak yeh hota hay kay yeh pattern rectangle ki bajay small triangles ki surat main consolidation ko indicate karta hay, is ki mazeed details yeh hain,
How this pattern is appeared and formed:
Pennant pattern appearence aur structure kay lihaz say flag pattern kay kafi similar hotay hain, jin main consolidation period kay doran converging lines create hoti hain, pennant pattern kay har period ka volume bhi kafi important hota ha, market ki initial moment large volume kay sath hoti hay lakin pennant ka volume kafi had tak kam hota hay, lakin jab breakout ho jati hay to volume bhi enhance ho jata ha, simply jab market large up moment ya down moment karti hai to us kay baad market thori dair tak consolidation state main hi rehti hay aur is state main hi yeh pennant pattern bantay hain, mostly flag pole trend kay previous high ko represent kar raha hota hay jab kay pennant pattern consolidation period ko indicate kart hay, is main traders breakout kay liay symmetrical triangle ki upper trend line par depend kartay hain, boht saray traders market main new entry kay liay long aur short positions kay liay breakout ko follow kartay hain,
Variations in Pennant pattern:
Pennant pattern two variations main bantay hain, aik bullish pennant pattern aur dusri bearish pennant pattern kehlatay hain, bullish pennant pattern strong up trend main bantay hain aur chart main pennant up ward flag ki surat ma banta hay, trader market main is pattern say tab benefit lay saktay hain jab pennant pattern kay bad market breakout karay, is move kay baad trader new bullish momentum main trade kar kay profit hasil kar saktay hain, bearish pennant aisay continuation pattern ko kaha jata hay jo strong down trend main banta hay, lihaza is pattern say faida hasil karnay kay liay trader short ki trade tab open kartay hain jab market pennant pattern kay below break karti hay, yeh bullish pennant kay opposite hotay hain
How to trade in this pattern:
Normaly traders pennant pattern ko dusray technical indicators aur chart patterns kay sath combine kar kay use kartay hain jis say iski reliability kafi strong ho jati hay, jaisa kay traders relative strength index ko consolidation period kay doran moderation kay liay use kartay hain, in ma consolidation trend lines kay resistance level kay kareeb hoti hay, jahan breakout new support create kartay hain, agr traders bullish pennant pattern main trade kartay hain to un ko stop loss kay liay breakout candle kay low point ko choose karna chaiay aur agr bearish pennant pattern ko choose kia hay to stop loss kay liay inko breakout candle ka high point use karna chaiay,
How this pattern is appeared and formed:
Pennant pattern appearence aur structure kay lihaz say flag pattern kay kafi similar hotay hain, jin main consolidation period kay doran converging lines create hoti hain, pennant pattern kay har period ka volume bhi kafi important hota ha, market ki initial moment large volume kay sath hoti hay lakin pennant ka volume kafi had tak kam hota hay, lakin jab breakout ho jati hay to volume bhi enhance ho jata ha, simply jab market large up moment ya down moment karti hai to us kay baad market thori dair tak consolidation state main hi rehti hay aur is state main hi yeh pennant pattern bantay hain, mostly flag pole trend kay previous high ko represent kar raha hota hay jab kay pennant pattern consolidation period ko indicate kart hay, is main traders breakout kay liay symmetrical triangle ki upper trend line par depend kartay hain, boht saray traders market main new entry kay liay long aur short positions kay liay breakout ko follow kartay hain,
Variations in Pennant pattern:
Pennant pattern two variations main bantay hain, aik bullish pennant pattern aur dusri bearish pennant pattern kehlatay hain, bullish pennant pattern strong up trend main bantay hain aur chart main pennant up ward flag ki surat ma banta hay, trader market main is pattern say tab benefit lay saktay hain jab pennant pattern kay bad market breakout karay, is move kay baad trader new bullish momentum main trade kar kay profit hasil kar saktay hain, bearish pennant aisay continuation pattern ko kaha jata hay jo strong down trend main banta hay, lihaza is pattern say faida hasil karnay kay liay trader short ki trade tab open kartay hain jab market pennant pattern kay below break karti hay, yeh bullish pennant kay opposite hotay hain
How to trade in this pattern:
Normaly traders pennant pattern ko dusray technical indicators aur chart patterns kay sath combine kar kay use kartay hain jis say iski reliability kafi strong ho jati hay, jaisa kay traders relative strength index ko consolidation period kay doran moderation kay liay use kartay hain, in ma consolidation trend lines kay resistance level kay kareeb hoti hay, jahan breakout new support create kartay hain, agr traders bullish pennant pattern main trade kartay hain to un ko stop loss kay liay breakout candle kay low point ko choose karna chaiay aur agr bearish pennant pattern ko choose kia hay to stop loss kay liay inko breakout candle ka high point use karna chaiay,
