Pennant: A pennant is a small symmetrical triangle that begins wide and converges as the pattern matures
(like a cone). The slope is usually neutral. Sometimes there will not be specific reaction highs and lows from
which to draw the trendlines and the price action should just be contained within the converging trendlines.
(like a cone). The slope is usually neutral. Sometimes there will not be specific reaction highs and lows from
which to draw the trendlines and the price action should just be contained within the converging trendlines.