Day Trading Pennant Chart Pattern

The video provides a real trading example of a pennant formation.  The pennant formation is formed after a strong rally, which is known as the pole.  When the security consolidates after this run, it can form a triangle before breaking higher again.  This triangle is known as a pennant.

After discussing how to identify this pattern, he then steps through the trade as it progresses and talks about how he sets his stop loss orders underneath the market. 

Tim Ord
Ord Oracle

Tim Ord is a technical analyst and expert in the theories of chart analysis using price, volume, and a host of proprietary indicators as a guide...
Day Trading Simulator provides the ability to simulate day trading 24 hours a day from anywhere in the world. TradingSim provides tick by tick data for...

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