Part 2 of Trading Pennants like a Pro

The speaker discusses specific strategies for trading flags and pennants with entry and exit rules.  Flags and pennants are considered a pause before the resumption of a trend.  Traders will look to buy the breakout above the resistance created by the flag or pennant.  In the video, you will be able to understand how to calculate price targets and place stops when trading flags and pennants, bullish or bearish.

Volume analysis should be performed to confirm the flag or pennant.  Volume should diminish when the pause in trend is occuring.  Upon breaking out, the volume should expand and confirm the higher prices.