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  2. Examples of pennants include12:
    • In sports leagues, a pennant is a flag given to the winning team, especially in baseball.
    • In technical analysis of stock charts, a pennant is a continuation pattern formed by a breakout, consolidation, and then another breakout.
    Learn more:
    a flag given to the winning team in a sports league, especially in baseball The Dodgers defeated the Mets 6–0 to win the pennant.
    www.oxfordlearnersdictionaries.com/us/definition/a…
    Example of a Pennant Let's take a look at a real-life example of a pennant: In the above example, the stock creates a pennant when it breaks out, experiences a period of consolidation, and then breaks out higher. The upper trend line resistance trend line of the pennant also corresponds to reaction highs.
    www.investopedia.com/terms/p/pennant.asp
     
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    WEBJul 12, 2024 · Along with the triangle pattern, bullish flag and bearish flag, head and shoulders, and double tops/bottoms, pennants are one of the most popular trading patterns traders look for. Specifically, pennants

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