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Flagbullish

Bearish and Bullish Flag Chart PatternsFlag Pattern: A flag is a chart pattern formed during a counter-trend move after a sharp price movement. Why is it called Flag? It is named because of the way it reminds the viewer of a flag on a flagpole. What does the Flag Pattern represent? It signifies trend reversals or breakouts after a period of consolidation. The five main characteristics of a Flag Pattern are: 1. The preceding trend 2. The consolidation channel 3. The volume pattern 4. A breakout 5. A confirmation occurs when the price moves in the same direction as the breakout. How to identify the Flag Pattern: The most important part of the flag pattern is to identify a strong trend (in either direction, as the flag may be inverted, triggering a bearish move!). Take a look at the higher time frames when you find a flag pole to ensure the price is not simply ranging. It could be meeting a large area of resistance! Bullish Flag Pattern: When the prices are in an uptrend, a bullish flag pattern shows a slow consolidation lower after an aggressive uptrend. This indicates that there is more buying pressure moving the prices up than down and indicates that the momentum will continue in an uptrend. Traders wait for the price to break above the resistance of the consolidation after this pattern is formed to enter a long position. The breakout indicates that the prior uptrend will continue. Example of a Bullish Flag Pattern: Bearish Flag Pattern: When the prices are in a downtrend, a bearish flag pattern shows a slow consolidation higher after an aggressive downtrend. This indicates that there is more selling pressure moving the prices down than up and indicates that the momentum will continue in a downtrend. Traders wait for the price to break below the support of the consolidation after this pattern is formed to enter a short position. Example of a Bearish Flag Pattern: Conclusion: A flag pattern is a type of chart continuation pattern that shows candlesticks contained in a small parallelogram. When the prices are in an uptrend, a bullish pattern shows a slow consolidation lower after an aggressive uptrend. When the prices are in a downtrend, a bearish pattern shows a slow consolidation higher after an aggressive downtrend. It is formed when there is an increase in demand or supply that causes the prices to move up or down. May you all be PROFITABLE,
FX_IDC:XAUUSDEducation
by AmirHonardoust
4
KARURVYSYA Swing Trade setup.This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. On daily Time Frame Karurvysya is making rounding bottom pattern and is about to complete if breaks resistance of 116 with above above average volume on daily TF will buy with stop loss of low of candle below resistance, Target will be 127. If Price rejects resistance then maybe we can expect it to form Cup & Handle like pattern. On Weekly TF price broke through Flag & Pole Pattern and for that weekly target will be 135. I cannot update charts or my ideas coz i don't have pro subscription i can only post additional charts if reputation level is above 10..need your supports who ever watch or agrees with setups i am posting. Thanks everyone.
NSE:KARURVYSYALong
by TradeInsights
GBPUSD I Possibly a break of the channel line +100 pipsWelcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
39
BITCOIN 1h Flag!BINANCE:BTCUSDT Bitcoin sitting in a Bullish Flag. Possible retest of 50MA providing re-entry ideas for further upside. 1h is quite low time frame so decision making is more rapid but have Plan A, Plan B scenarios. Possible Short to support 28.8k zone on bearish retest of flag breakdown. Possible Long once flag breaks for continued upside - for target ideas, please see yesterdays post: BITCOIN Massive Move! Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
Long
by imr4nkh8n