Bullish Pennant Chart Pattern 15M

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.