Flags and Pennants

	Triangles		Symmetrical broadening wedge
	Wedges		Broadening wedges
	Flags and pennants		Right-angled broadening wedge
	Head and shoulders		Double (or triple)  tops (or bottoms)
	Rectangles		Cup with handle
	Diamonds

Flags and pennants fall into the category of forex price continuation patterns. They typically form after a strong price movement are they don't last very long. Statistics have shown that flags and pennants are among the most reliable price continuation chart patterns.

Flags consist of a channel of parallel trend lines that go against the trend.

Pennants look very similar to symmetrical triangles, but they are generally smaller in size (volatility) and in duration.