Flag & Pennant
Short pause after a sharp move. Continuation highly likely.
Continuation
Difficulty: ●●○○○
Reliability: 7/10
After a sharp move (the "pole"), price consolidates in small range:
- Flag: small rectangle slightly counter-trend
- Pennant: small triangle
Breakout target = pole length projected from breakout point.
When to look
Right after a momentum move.
Confirmation
Breakout in pole direction with volume.