Welcome to our Free Course
Enhance your trading knowledge by studying our legendary free online program!
  • Beginner
  • Intermediate
  • Advanced
  • Completion
  1. Beginner
    Early Stages For Beginners
    8 Topics
  2. Forex Terminology
    11 Topics
  3. Margin & Leverage
    2 Topics
  4. Intermediate
    Identifying Scams
    2 Topics
  5. Brokers for Beginners
    5 Topics
  6. Technical Analysis
    13 Topics
  7. Advanced
    Using Indicators
    6 Topics
  8. Technical Analysis (Part 2)
    8 Topics
  9. Market Structure
    5 Topics
  10. Fundamental Analysis
    9 Topics
  11. Completion
    Risk Management for Beginners
    8 Topics
  12. Psychology for Beginners
    7 Topics
  13. Personal Psychology Questions
    2 Topics
Pennant Pattern and Wedge Patterns Pennant and Wedge formations help traders catch good trading opportunities when trends begin. Pennants are useful in taking entries when a trend resumes from hibernation. On the other hand, wedge formations can indicate both trend continuation and reversal, they both resemble small triangles. What sets them apart is that while pennants are sideways and horizontally symmetrical, wedge formation patterns are ascending or descending. First, we are going to discuss wedge and pennant trading patterns in detail. Then, we will look at what they are and how you can take advantage of them in your trading!