Question

Which pattern is usually preceded by a sharp advance or decline with heavy volume and tends...

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

b. pennant

c. Head and Shoulders Top

d. wedge

Homework Answers

Answer #1

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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