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Study Notes - The Bullish Pennant

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Pennant babypips educational
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Study notes based on the Babypips course.

Based on this article:

www.babypips.com/learn/forex/pennants

Bullish pennants are formed in an uptrend and imply that the bulls are about to charge again!

- Uptrend
- Breather, consolidation into a tight range
- Breakout to the upside

Flagpole can be used to measure size of the breakout upside potential

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