Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register account
Affiliate Program
cabinet icon

Another Lamborghini from InstaForex!Maybe it will be you who will take the keys!

Just make a deposit of at least $1,000 to your account!

Get the best trading conditions and attractive bonus offers! We have already given 6 legendary sports cars! But it does not stop there! The next Lamborghini Huracan of the latest generation may be yours!

InstaForex – invest in your victories!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

The Pennant pattern is a well-known pattern that is widely used in technical analysis. This figure is regularly found on trading charts of almost all currency pairs.

The Pennant pattern can be both bullish and bearish. For a bullish pennant, a flagpole is directed upwards with a pennant at the highest point. A bearish pennant has a flagpole directed downwards with the formation of an angle at the lowest point of the trend.

The Pennant pattern The Pennant pattern

The Pennant pattern starts with a flagpole in the form of a series of candles that go in the same direction. This can be a trend or a simple price impulse. Further close monitoring of the market immediately after reaching the lowest point of the bearish trend (the highest point of the bullish trend) allows us to determine the formation of the final part of the pattern - a symmetrical triangle. Note that the Pennant pattern is forming relatively quickly. At the moment when the two lines passing through the highs and lows quite sharply converge towards each other, forming a small triangle, we can safely say about the formation of the Pennant.

The Pennant pattern

The proper time for entering the market is the moment when the price breaks through the Pennant line that forms a triangle in the direction of its main trend relative to the flagpole.

Actual patterns