ETH Bullish Pennant Breakout The bullish pennant pattern is a formation that occurs after an uptrend. It is characterized by a pennant (a small symmetrical triangle) that forms as the market consolidates. The breakout from this consolidation typically occurs to the upside, signalling a continuation of the uptrend. The pattern is considered bullish because it reflects the underlying psychology of traders during an uptrend.
The final component of this pattern is the breakout from consolidation. This typically occurs to the upside, signalling a continuation of the uptrend.
Targets
$5075
$6215
$7215
$10200
