Bull Pennant Pattern — what it is and how to read it

Bullish pattern Fibonacci family

Sharp rally (pole) + a small narrowing triangle (lower highs, higher lows): a short rest. A break of the upper edge suggests a move the size of the pole.

How to read it

A bullish structure is only a candidate until its trigger (neckline / breakout level) is broken. StockFortuna draws the ▲ marker only on a green candle that closes above the trigger — a description of what the chart did, not a recommendation.

BIST 100 stocks where our scan detected it (last 30 trading days, 19 Oct 2026)

Automatic detection only (alphabetical) — StockFortuna does not recommend stocks; open the chart and judge for yourself. Not investment advice.

FAQ

What is the Bull Pennant Pattern?

Sharp rally (pole) + a small narrowing triangle (lower highs, higher lows): a short rest. A break of the upper edge suggests a move the size of the pole.

Is the Bull Pennant Pattern bullish or bearish?

It is a bullish (upside) pattern.

When is it marked on the chart?

Only when a green candle closes above the trigger (neckline / breakout level); the ▲ marker describes what the chart did, it is not a recommendation.

Has it been backtested?

⚪ Not backtested (added 9 Sep 2026) — information on the chart only; it does not enter the buying system.

How can I see the Bull Pennant Pattern on a live chart?

Open StockFortuna → Markets → Chart Studio and pick it from the list; the pattern is detected automatically on real data.

Related

• Fibonacci 38.2% Retracement (bullish)
• Fibonacci 50% Retracement (bullish)
• Fibonacci 61.8% Retracement (bullish)
• Fibonacci 78.6% Retracement (bullish)
• Fibonacci 38.2% Retracement (bearish)
• Fibonacci 50% Retracement (bearish)
• Fibonacci 61.8% Retracement (bearish)
• Fibonacci 78.6% Retracement (bearish)
• Fibonacci 1.618 Extension Low (bullish)
• Fibonacci 1.618 Extension High (bearish)
• Bear Pennant
• V Reversal (bullish)

For information and education only — not investment advice.