Symmetrical Triangle Vs. Pennant

The differentiators are:

1. Shape: A pennant may also look like a wedge in addition to a triangle like appearance.

2. Pivot formations: IN a symmetrical triangle, atleast two minor pivotal lows and two minor pivotal highs are required. A pennant can form even by convergence of straight lines matching the highs and lows of intervening bars irrespective of the factor whether the bars made pivotal highs/lows are not.

3. Duration: There is a consensus among writers that triangles forming with 3 weeks are pennants and those taking more time are symmetrical triangles.

4. Volume Charateristic: In a pennant, activity must fall to unusually low levels and keep on falling during formation phase. Though falling volume is also an essential ingredient of a symmetrical triangle, a symmetrical triangle may have high volume on days when it's making pivots.