Indeed, the pennant pattern is a fairly powerful continuation pattern, and its tapering shape, resembling a small triangle, makes price pressure clearly visible. When the price breaks through the upper or lower boundary, the movement is often rapid because the market has gathered momentum during the consolidation phase. However, despite this pattern's reputation for being powerful, it's still important to wait for a valid breakout, not just a momentary spike, to avoid getting caught in a false breakout.
