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Important Chart Patterns 重要的图表形态: Page 6 of 9

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How to Trade Bearish and Bullish Pennants

Bearish Pennants

Similar to rectangles, pennants are continuation chart patterns formed after strong moves.

After a big upward or downward move, buyers or sellers usually pause to catch their breath before taking the pair further in the same direction. Because of this, the price usually consolidates and forms a tiny symmetrical triangle, which is called a pennant.

While the price is still consolidating, more buyers or sellers usually decide to jump in on the strong move, forcing the price to bust out of the pennant formation.

A bearish pennant is formed during a steep, almost vertical, downtrend. After that sharp drop in price, some sellers close their positions while other sellers decide to join the trend, making the price consolidate for a bit.

 

Bearish Pennant
As soon as enough sellers jump in, the price breaks below the bottom of the pennant and continues to move down.

 

 

Forex Bearish Pennant Breakdown
As you can see, the drop resumed after the price made a breakout to the bottom. To trade this chart pattern, we’d put a short order at the bottom of the pennant with a stop loss above the pennant. That way, we’d be out of the trade right away in case the breakdown was a fake out.

 

Unlike the other chart patterns wherein the size of the next move is approximately the height of the formation, pennants signal much stronger moves. Usually, the height of the earlier move (also known as the mast) is used to estimate the size of the breakout move.

Bullish Pennant

Bullish pennants, just like its name suggests, signals that bulls are about to go a-chargin’ again. This means that the sharp climb in price would resume after that brief period of consolidation, when bulls gather enough energy to take the price higher again.

 

Bullish Pennant
In this example, the price made a sharp vertical climb before taking a breather. I can hear the bulls stomping and revving up for another run!

 

 

Forex Bullish Pennant Breakout
Just like we predicted, the price made another strong move upwards after the breakout. To play this, we’d place our long order above the pennant and our stop below the bottom of the pennant to avoid fake outs.

 

Like we discussed earlier, the size of the breakout move is around the height of the mast (or the size of the earlier move). You see, pennants may be small in size but they could signal huge price moves so don’t underestimate ‘em!

三角旗形态组合

熊市的三角旗型

       类似于矩形模式,旗型是市场经过的强劲的移动后,才会形成的持续形态。

       经过一轮大的涨势还是跌势,买方或卖方通常会先停顿一下、喘一口气,然后才继续带领货币对往前迈进。正因为如此,价格通常会整顿形成一个微小的对称三角形,这是所谓的三角旗型。

       在价格还在整顿的时候,更多的买家或卖家通常会决定加入强劲的趋势,迫使价格的整顿形成了三角旗的形态。

       一个熊市的三角旗型,通常在一个陡峭、几乎垂直的下降趋势中形成。当价格急速暴跌之后,一些卖家平掉了他们的仓位;同时其他的一些卖家决定加入跌势,这造成价格出现了小整顿。



       当有足够的卖家加入后,价格会突破三角旗型的底部并且继续往下移动。



       正如你看到的,当价格突破了底部后恢复下跌趋势。如果利用这形态来交易,我们会在旗型的底部设置空单,并在旗型的上部设置止损单。这样做,是为了预防跌势如果只是假象,我们可以马上退出交易。

       和其他图表形态的价格移动距离不一样,三角旗型的移动幅度往往更强劲。 通常情况下,它之前移动的高度(也称为旗杆)是用来估计突破后移动的距离的。

牛市三角

       牛市三角旗型,就像它的名字所暗示的那样,暗示着公牛将要再次冲刺了。这意味着,价格将在短期的整顿后继续急速的攀升,当公牛们聚集足够的能量之后,将把价格带到更高的位置。



       在这个例子中,价格在垂直攀升之前,稍微喘了口气。我可以听到公牛们已经在跺脚和加速,准备另一轮趋势了!



       就像我们预测的,价格突破后强劲地往上升。如何利用这个形态,我们可以把多单设置在旗型的上面,并把止损单放在旗型的底部以防止假象。

       就像我们之前讨论过的,突破后移动的距离大约是旗杆的高度(或早期移动的距离)。你看,三角旗型的体积可能很小,但它们却是价格巨大波动的信号,所以不要小看了它们哦!