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