Study Notes - The Bullish Pennant

Study notes based on the Babypips course.

Based on this article:

babypips.com/learn/forex/pennants

Bullish pennants are formed in an uptrend and imply that the bulls are about to charge again!

- Uptrend
- Breather, consolidation into a tight range
- Breakout to the upside

Flagpole can be used to measure size of the breakout upside potential