What Happens after a Bull Pennant Chart Pattern? - Bullish Bull Pennant Chart Pattern

A Bull Pennant pattern is a bullish continuation chart pattern - This is a market signal that shows the current trend is taking a break before resuming the current upward direction of the market currency pair.

If the Bull Pennant upwards continuation chart pattern forms on the forex chart it signals that the market is taking a break before resuming the current upwards trend. The Bull Pennant continuation pattern in a upward trend is known as a bull Pennant continuation chart pattern which signals that the price is consolidation but keeps moving higher & higher forming a chart pattern that resembles a rising bull Pennant. Traders should wait for a confirmation of this Bull Pennant chart pattern before opening a trade based on this bullish continuation pattern. Once there is a forex trading price breakout to the upside of this bull Pennant chart pattern, then the Bull Pennant continuation pattern is confirmed & prices will then continue to move in direction of the current upwards forex market trend.