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Bullish Pennant Chart Pattern 15M

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It is structurally similar to the flag formation. The only difference between the two formations is their shape. The fluctuation of the rising trend in the form of a downtrend is expressed as a flat pennant formation, while the trend in the opposite direction is called an inverted pennant formation. After a rapid rise in an uptrend, a pause in price occurs. Along with this, upward and downward movements occur.

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