CFA Practice Question

There are 221 practice questions for this study session.

CFA Practice Question

The key difference between a triangle pattern and a pennant pattern is that ______
A. a pennant pattern is a special case of the triangle pattern.
B. a pennant always slopes in a direction opposite to the trend up to that time while a triangle can slope both ways.
C. a pennant is a short-term formation whereas a triangle is a long-term formation.
Explanation: A pennant more than 12 weeks old would turn into a symmetrical triangle.

User Contributed Comments 1

User Comment
Tterpening Can some one please explain this concept of Pennant and Symmetrical Triangles?
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