BTC 1h
A bull flag pattern is a chart pattern that occurs when a stock is in a strong uptrend. It is called a flag pattern because when you see it on a chart it looks like a flag on a pole and since we are in an uptrend it is considered a bullish flag.
When should you trade a flag pattern?
A flag chart pattern is formed when the market consolidates in a narrow range after a sharp move. The flag portion of the pattern must run between parallel lines and can either be slanted up, down, or even sideways. Enter a trade when the prices break above or below the upper or lower trendline of the flag
When should you trade a flag pattern?
A flag chart pattern is formed when the market consolidates in a narrow range after a sharp move. The flag portion of the pattern must run between parallel lines and can either be slanted up, down, or even sideways. Enter a trade when the prices break above or below the upper or lower trendline of the flag
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.