bear pennant

Bear Pennant

Image via Colibri Trader Chart Facts: The bear pennant is a continuation chart pattern of the previous downtrend. A pennant pattern is very similar to a flag pattern except a flag is rectangular and descending and a pennant is triangular. A bear pennant chart pattern occurs after a downtrend out of a previous price base.

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extrinsic value

Extrinsic Value

Option contracts pricing consists of both the extrinsic value and intrinsic value that combine to create what each strike price and expiration is worth in an option chain. Extrinsic value is the potential of what an option has to be worth in the future while the intrinsic value is how much an option is worth

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