Pennant flag stock chart
The entire movement of this pattern, that is the complete rise of the value is the flagpole for the flag/pennant. The Flag Pattern. As we now know, the flag pattern is a pattern that will resemble a rectangle. In essence, the stock will go up and down, but hitting the resistance and support lines each time. For the flag pattern, these two lines will be parallel. Pennant Stock Chart Pattern (Continuation) & How to Trade it: Technical Analysis Ep 218. This could be considered maybe a flag like a pattern just because there’s not a lot of ticks and not a lot of candlesticks in that area. But again, very similar to the flag pattern.