A bullish pennant forms after a strong upward move when price enters a tight consolidation zone with converging trendlines.

This pattern shows that buyers are pausing — but not done.
Volume contracts during the pennant formation, then expands sharply on breakout, confirming strength.

🔍 What to Look For:
Sharp uptrend (the flagpole)

Tight, triangle-shaped consolidation (the pennant)

Volume dips during the pattern

Strong breakout confirms continuation

⚡️ Key Insight:
Price is coiling up like a spring. Once pressure builds, the breakout often leads to explosive continuation in the trend’s direction.

🚀 Works best in high-momentum markets like crypto.