Pennant Setup
A symmetrical triangle that forms after a strong price advance, with converging trendlines on both sides and contracting volume. Unlike a full symmetrical triangle, a pennant is small and brief — a 1–4 week pause in an ongoing trend. It resolves with continuation of the prior move.
Sample still building: 1 eligible setup in the 2025-03-17–2026-09-04 source-bar window. Rates stay hidden until n=30. Historical and illustrative, not predictive.
How this is measured →Setup Criteria
- › Strong prior advance (the flagpole)
- › Converging upper and lower trendlines (symmetrical)
- › Volume contracts throughout the pattern
- › Duration: 1–4 weeks typically
- › Breakout in direction of prior trend
Breakout above the upper trendline on volume.
Below the lower trendline.
Worked Example
NET — flagged as a Pennant on Sep 09, 2026 (score 55). 26 weekly bars with the 10-week SMA.
Entry / stop / target annotations are drawn for Pro members. Unlock →
Historical detection shown for education — not a current recommendation.
No Pennant setups in the latest scan
Market conditions may not be producing this pattern right now — the scanner re-checks every trading day.
