Flags and pennants

Not tested by us Not tested by us yet. No verdict stamp.

In one line: A short pause after a sharp move, shaped like a small flag or triangle.

First a fast move (the flagpole). Then a short, tidy pause: a small sloping rectangle (flag) or a tiny triangle (pennant).

What traders claim: the move continues after the pause.

We found no peer-reviewed study specific to flags and pennants in our research so far.

Evidence: see Do chart patterns work? What the research says. In short: mixed, and very sensitive to how you define the pattern.

Sources & studies

Chart and candlestick patternsTrianglesTrend

Last checked: 2026-11-04 · Educational, not financial advice.

Education only, not financial advice. No signals. Backtests are hypothetical: real trading can be worse. Past results don't predict future results.