detailed discussion about pennant chart patterns

Assalam alaikum dosto!

• umeed ha ap sb khairiat se hn gy or apka trading week acha jaa raha ho ga.
• aj ki post main hum continuation patterns main se pennant chart patterns ko study karen gy or dekhen gy ye kia hota ha or esko kesy trade kia hata ha.

WHAT IS PENNANT PATTERN?

• dear members pennat pattern aik continuation pattern ha mtlb k ye jis trend main bnta ha us trend k continue hony ki nishani hota ha.agr bullish main bny to es k breakout k bad market bullish hoti ha.
• or agr bearish main bny to es k breakout k bad market bearish hoti ha. Es pattern ki 2 types hoti hain

1. Bullish pennant pattern.
2. Bearish Pennant Pattern.

• in dono patterns ko hum bari bari discuss karen gy

Bullish Pennant Pattern:

• dear members ye pattern bullish trend main bnta ha jb market kafi opr ja chuki ho to market thori retracement leti ha or estrha ka pattern bnta ha.
• es main market higher lows or lower highs bnati ha.
• Highs ko highs se milaen to aik trend line bnti ha kr lows ko lows se mila k dosri trend line bnti ha estrha market 2 trend lines k darmyan move karti ha.

How to trade it?

• Dear members bullish pennant ko trade karny k lye hamen chahye k pattern k complete hony or es k breakout ka wait karen jb breakout ho jy to uski confirmation ka wait karen jb confirmation ho jy to hum es main buy ki entry le skty hain or hmara stoploss bullish penneta ki hoper trend line ya us se nechy ho ga jb k profit tarhet pennant ki height k equal ho ga.

Bearish Pennant Pattern:

• ye pattern bearish trend main bnta ha jb market kafi nechy gir chuki ho to market retracement lety hovy consolidate hoti ha or es trha ka pattern bnta ha.
• es main market lower highs or higher lows bnati ha.
• lows ko lows se mila kr or highs ko highs se mla k trend lines bnti ha or market i trend lines k drmyan move karti ha .

How to trade it?

• Dear members es pattern main trade karny k lye hmn breakout ka wait karna chahye or eski confirmation k bad sell ki trade leni chahye or es main hmara stop loss pennant ki lower trend line ya us se opr ho ga jb k profit targe pannent ki height k equal ho ga.