Avantis Compresses Into Pennant Formation as Bulls Prepare

Avantis is trading within a pennant structure that mirrors prior bullish setups. If volume inflows confirm, a breakout could drive expansion toward higher levels in the coming sessions.

Avantis has entered a compression phase, consolidating into a pennant pattern while buyers and sellers battle for control. Historically, such setups often resolve with strong expansion moves. With market structure favoring bulls, the next breakout could define the direction of Avantis’ near-term trend.

Key Technical Points:

- Pennant Formation: Compression phase suggests imminent breakout.
- Volume Confirmation Needed: Strong inflows required for bullish follow-through.
- Bias Favors Upside: Previous pennant patterns broke bullishly.

Pennant formations signal equilibrium, with energy building for a larger move. Avantis’ current pennant mirrors earlier structures where compression gave way to bullish expansion.

However, volume will be the deciding factor. Without strong inflows into bullish volume nodes, a breakout attempt risks fading into a false move. Traders should closely monitor participation as price approaches the apex of the pattern.

The broader market structure remains bullish, with higher highs and higher lows intact. This context supports the probability of an upside breakout, though confirmation will come only with sustained buying pressure.

What to Expect in the Coming Price Action:

If Avantis breaks upward from its pennant with volume confirmation, the probability of continuation toward higher resistance targets increases sharply. A failed breakout would reset momentum and extend consolidation.