Bull Pennant Patterns Video: Research is Surprising
Research Performed With TrendSpider
A bull pennant is a technical analysis chart pattern characterized by a sharp rise in a stock’s price, a consolidation phase, and then another sharp rise.
Traders should exercise caution with bull pennant patterns. Research indicates a low success rate of 54% and a modest price increase of just 7%.
The findings suggest that trading bullish pennants is akin to coin-flipping, with less-than-ideal odds.
Did you know TrendSpider and TradingView can automatically detect chart patterns, and backtest indicators for you?
| Ratings | TrendSpider 4.8⭐ | TradingView 4.8⭐ |
|---|---|---|
| Features | USA Charts, Watchlists, Screening | Global Charts, Trading, News, Watchlists, Screening |
| Unique Features | Real AI, Pattern Recognition, Best Backtesting, Auto-trading, News Scanner | 20 Million User Community, Backtesting, Bots, Broker Integration |
| Best for | Stock, Options, FX & Crypto Traders | Stock, FX & Crypto Traders |
| Free Plan | ❌ | TradingView Free |
| Free Trial | Free 7-Day | Free 30-Day |
| Discount | Code "LST30" for 30% to 63% Off | -17% on yearly plan + $15 Discount |
| Price | $54 | $214 | $0 | $15 | $35 | $70 |
| Markets | USA | Global |
| Full Review | TrendSpider | TradingView |
Read the full article here: Why Traders Should Avoid Using Bull Pennant Chart Patterns