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Flags & Pennants

Flags and pennants are short continuation patterns — brief pauses after a sharp move (the 'flagpole') that resolve in the direction of the original trend. This article explains the flagpole, the small counter-trend flag channel, the small symmetrical pennant, why they are continuation rather than reversal patterns, the tell-tale collapse and surge in volume, and how to trade the breakout with a flagpole-height target.

13 min readPublished 25 June 2026

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Key terms

ATRBollinger BandsBreakoutCandlestickDivergenceDojiFibonacci RetracementGap

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Triangle Patterns

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Wedge Patterns

Wedges are converging patterns whose two trendlines slope the same way — and whose bias runs against that slope. This article explains the rising wedge (higher highs and higher lows that resolve bearishly) and the falling wedge (lower highs and lower lows that resolve bullishly), why fading momentum inside a tilted coil flips the expected direction, how wedges differ from triangles, and how to trade the breakout with volume and a target.

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