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.
Historical replay numbers are unavailable because the artifact is stale (source bars are 15 days old). The page does not substitute zeros or older results.
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.
What Happened Next
Forward returns after the scanner first flagged a Pennant (score ≥ 70, gatekeeper passed, one signal per base) — computed from stored daily bars, no lookahead. 2 historical signals.
| After | Median Return | % Positive | Sample |
|---|---|---|---|
| 5 sessions | -2.7% | 50.0% | 2 |
| 10 sessions | +1.6% | 50.0% | 2 |
| 20 sessions | +0.4% | 50.0% | 2 |
| 40 sessions | -3.1% | 0.0% | 1 |
Median best move inside 40 sessions: +6.9% · median worst drawdown: -6.0%. Past scanner behavior does not guarantee future outcomes. Not investment advice.
