Simple Bullish Penant Flag
OBSERVATIONS :-
1) . As we know Pennant Flag ( Bullish ) is a Continuation pattern
2) First we can see the stock in Uptrend
3) Then it forms symmetric triangle with Flagpole
4) Then there was a breakout outside of the ascending triangle , we have to wait till it retest and then enter
5) You can go LONG / BUY the stock if retests and go further up after breakout
6) STOPLOSS - This can be set at the pennants last swing high
7) TARGET - This we can set as same as the width of the first penant high and low
1) . As we know Pennant Flag ( Bullish ) is a Continuation pattern
2) First we can see the stock in Uptrend
3) Then it forms symmetric triangle with Flagpole
4) Then there was a breakout outside of the ascending triangle , we have to wait till it retest and then enter
5) You can go LONG / BUY the stock if retests and go further up after breakout
6) STOPLOSS - This can be set at the pennants last swing high
7) TARGET - This we can set as same as the width of the first penant high and low
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