Multicolour Pennant Flag Banner For Birthdays Xmas Festivals Indoor/Outdoor Celebration Decors

Pennants are long, narrow flags used for various purposes, including sports team emblems, decorative banners, maritime signaling, and championship awards, particularly in baseball. They are also a type of chart pattern in technical analysis that traders use to predict potential price continuations in financial markets. 

In sports and decoration

• Team symbols: Pennants are commonly used as emblems for sports teams and organizations.
• Championships: In baseball, "pennant" refers to the championship title for a league.
• Decorations: They are used as decorative banners for parties, events, or general home decor. 

In maritime and naval contexts

• Signaling: Pennants (or burgees) are used for signaling on naval and other vessels.
• Identification: They can also be used to indicate a ship's identity. 

In technical analysis (trading)

• Continuation patterns: Pennants are a chart pattern that suggests a temporary pause in a strong trend, with the price likely to continue in the same direction.
• Bullish and bearish patterns: A bullish pennant occurs after an uptrend, while a bearish pennant appears after a downtrend.
• Trading strategy: Traders use the pattern to identify potential breakout points, set profit targets (often based on the "fla