It's after the press movement also on its blackboard I've seen people cross consolidates and the trading
range gets narrower within that range.
Price reaches highs and lows catchment areas of resistance and support the pendant pattern sometimes
referred to as coil becomes very visible in the chart.
When we draw two similarly convergent trendlines the touch or company of touch the highs and lows The
lower than the line should touch more coming towards some of the lows within the trading range.
The upper trend line charge for company after touching some of the highs within that three range the
trend line represents resistance.
The work trend line represents support during the course of the pennant formation.
Price will support the resistance several times the Penland pattern will have a sideways direction.
Generally when the panel appears in an uptrend it is called the bullpen and when the pendant appears
during a downtrend it is called the Byrd-Bennett the direction price is going to move.
Depends on whether the break out or calls about resistance which will be bullish or below support which
will be Barish in price but it's out the Barford assistance.
We have a bullish break out when price breaks out below support.
We have a Berridge breakout.