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Inverted Pennant Pattern - Wait-and-See-Point-and-Figure-Patterns PDF Print E-mail

Inverted Pennant Pattern

This is a variation of the Inverted Flag pattern except for the structure of the consolidation. In this case it is triangular. The downward breakout should also have large volume and the height of the downward breakout should be similar to that of the opening move in the pattern.
 

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