Which pattern is usually preceded by a sharp advance or decline with heavy volume and tends to mark the midpoint of the move?
a. outside bar
c. Head and Shoulders Top
Answer (B) :- Pennant
( Explanation :- Pennant is a pattern which is continous in nature and used in the technical analysis of the security/ stock. This pattern is preceded by a sharp advance or decline with heavy volumes and they serve as a mid-point of the move too. Below, i am attaching the picture of the pattern for better understanding.
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