PATTERN
Pennant pattern setups with cleaner context
Use Monorex to monitor pennant formations with alerts, chart context, and AI coaching.
What this pattern is
A pennant is a continuation pattern that forms after a sharp move, characterized by converging trendlines creating a small symmetrical triangle. It typically resolves with a breakout in the direction of the prior move.
Why traders watch it
Pennants signal brief consolidation before trend continuation. They are most reliable when preceded by strong volume and confirmed by breakout volume.
How Monorex helps
- ✓ Automated pennant detection
- ✓ Breakout direction alerts
- ✓ AI Coach trend evaluation
- ✓ Prior move analysis
Related patterns
Track pennants with workflow context.
Monitor continuation patterns with Monorex alerts and AI coaching.