A pennant is characterized by its distinct triangular shape, which resembles a pennant flag, hence the name. It is formed by two converging trend lines that connect the highs and lows of the price action
The PBOC, often referred to as the “central bank of China,” is responsible for formulating and implementing monetary policies in the country
The Piercing Line pattern is a two-candlestick formation that occurs during a downtrend. It is considered a bullish reversal signal, indicating a potential shift in market sentiment from bearish to bullish
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Our products and commentary provides general advice that do not take into account your personal objectives, financial situation or needs. The content of this website must not be construed as personal advice.