bull flag patterns are one of the most popular bullish patterns.
To know what does a bull flag looks like, you can look at the picture below. Measure target profit is equivalent to the length of the pole.
a flag is composed of an explosive strong price move that forms the flagpole, followed by an orderly and diagonally symmetrical pullback, which forms the flag. When the trendline resistance on the flag breaks, it triggers the next leg of the trend move and the stock proceeds ahead. What separates the flag from a typical breakout or breakdown is the pole formation representing almost a vertical and parabolic initial price move.
This pattern is named for the resemblance of a flag on a pole. The bull flag is a continuation pattern which only slightly retraces the advance preceding it. The technical buy point is when price penetrates the upper trend line of the flag area, ideally on volume expansion.
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.
they are called bull flags because the pattern resembles a flag on a pole. The pole is the result of a vertical rise in a stock and the flag results from a period of consolidation.
the pole represents a strong impulsive move (higherlower) and is backed by a surge in trading volume and the subsequent pause or consolidation the flag, which looks like a falling or.
The flag pole should have high volume creating the flag pole to give more credence to the strength of the pattern. The pennant forms a triangle whereas the flag is more rectangular in shape but they both tell the same story. Bulls are in control and smashing through bears line of resistance.
Bear flag definition what is it and how does it work? A bear flag is a bearish chart pattern that signals the market is likely to head lower (and the opposite is called a bull flag). Youll see a strong momentum move lower with large range candles a weak pullback with small range candles heres how it looks like let me explain 1.
Appearance the decline has solid volume and consistent downward price action, which forms the vertical look of an inverted flagpole. The resting period and slight retracement is narrow price action with a slight upward tilt or is horizontal (but no downward movement) with volume contracting during the flag portion of the pattern.
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