Flags and Pennant Chart Patterns

The speaker discusses flags and pennants and talks about how they can develop throughout each of the five phases of a larger move, both up and down phases.

In a typical up-move, a few pennants will appear on each phase of an impulse cycle.  Pennants almost appear as asymmetrical triangles while pennants are consolidations in a parallel channel after a strong move, up or down.  Flags and pennants will typically be formed between 7 and 14 periods before breaking out to the up or downside.
Tim Ord
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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...

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