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  • Beginner
  • Intermediate
  • Advanced
  • Completion
  1. Beginner
    Early Stages for Beginners
    8 Topics
  2. Forex Terminology
    11 Topics
  3. Margin & Leverage
    2 Topics
  4. Personal Psychology Questions
    2 Topics
  5. Psychology for Beginners
    7 Topics
  6. Intermediate
    Identifying Scams
    2 Topics
  7. Brokers for Beginners
    5 Topics
  8. Technical Analysis
    13 Topics
  9. Market Structure
    5 Topics
  10. Completion
    Risk Management for Beginners
    8 Topics
  11. Fundamental Analysis
    9 Topics
  12. Advanced
    Using Indicators
    6 Topics
  13. Technical Analysis (Part 2)
    8 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, because 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!