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Questions and Answers
A bearish continuation pattern forms when a stock price was in an up trend before the pennant began to form.
False
Pennants are reversal patterns that form as the price of a stock moves into a wider and wider consolidation range.
False
Pennants can only be bullish continuation patterns.
False
Continuation patterns give a warning when a stock price is likely to reverse its trend after a short consolidation period.
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A pennant is a type of reversal pattern.
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Continuation patterns put the odds of failure in the favor.
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Pennants usually form over longer periods of time.
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Triangles are a type of continuation pattern.
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The Cup and Handle pattern is a type of reversal pattern.
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Flags are a type of reversal pattern.
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