Bullflags
Silver bull flag points to $17,3We could see here an upward move over the coming weeks. Thing is Gold also has a very bullish setup, so something might be up which will cause the rise in precious metals. Fact is coin mints aren't working and mines are shutting down all around the world. We'll see...
Is Tinley trading in a Bullish Flag?Possibly a descending triangle as well, but with the Long Beach facility license imminent I'm strongly leaning towards a bullish outcome.
The RSI looks like it recently made a Triple Bottom.
Only time will tell.
Next BULL FLAG! EthereumHey there,
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Next bull flag on Ethereum coming up. Looking for a break on BTC and on ETH.
ETH might break out sooner than Bitcoin will, so keep an eye out for that.
Most likely a major move coming up soon.
I think bullish breakout is currently more likeley.
Cheers,
Konrad
How to Trade Bull & Bear Flag Pattern | Flag Pattern Tutorial !Bull & Bear Flag chart patterns Tutorial!
Bull Flag : A bull flag forms in bullish trending market, After a strong bullish movement when this pattern forms it signals the market is likely to move more higher. Bull flag pattern much similarly looks like a horizontal parallel channel or downward parallel channel along with a strong bullish vertical rally; when we draw the pattern it looks like flag on a pole, that's why they are called bull flags.
How to identify and Trade Bull Flags : - It is easy to identify a bull flag you just need to look for a Bullish Vertical Rally or Trend which is Pole of the Flag then identify the consolidation which will look like either horizontal channel or downward channel which will be the Flag. After identifying the pattern you can enter at the bottom of the flag or you can enter when price breaks the upper trendline of the flag which is more safe.
The breakout may also be a fakeout that's why we will take help of Volume and RSI Indicator to confirm the breakout. As shown on the below example you can see when price breaked the uppper trend of the flag the Trend drawn on the RSI was also broke and the Volume was high.
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( *Key things to know : If the retracement measured from the vertical rally or Flag Pole retrace more than 50% the pattern becomes weak and it may not be a Flag Pattern but sometimes it stays valid if it breakouts above the uppertrend of the flag.)
Bear Flag : Bear Flag is just the opposite of the Bull Flag Pattern. A bear Flag forms in bearish trending market. Bear Flag pattern signals the market is likely to drop more lower. You need to identify Bear Flag in bearish trend when the price of a financial asset drops then if the price forms a horizontal channel or upward channel which will look like a inverted flag whose flag pole will be upside and the flag will be downside.
Stay Tuned; 👍
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