POLLEN+CRYPTO+BOOK

PENNANT
Flags are represented by two lines that meet at a set point. They often form
after strong upward or downward movements where traders pause and
price consolidates, before the trend continues in the same direction.
Investors can use this model to determine how much the stock will
advance by taking the price at the bottom of the "flagpole" in the initial
model and then waiting for the price to consolidate.
Once consolidated, the stock or index will break out at a slightly higher level,
and if you take the low price and add it to the breakout price, this will give a
great indication of how the price will move in the future for the model. .