ForecastCity

πŸ“š Learn More πŸ’° Earn More with us: FLAG = Impulse + Correction

Education
FX:AUDJPY   Australian Dollar / Japanese Yen
πŸ“š LEARN MORE
πŸ’° EARN MORE


With ForecastCity

FLAG pattern Definition:
A FLAG pattern is a continuation chart pattern, named due to its similarity to a flag on a flagpole.

A flag is a relatively rapid chart formation that appears as a small channel after a steep trend, which develops in the opposite direction.
After an uptrend, it has a downward slope. After a downtrend, it has an upward slope.

IMPULSE Definition:
A β€œflag” is composed of an explosive strong price move forming a nearly vertical line.
This is known as the "IMPULSE" or ”flagpole”.
The sharper the spike on the flagpole, the more powerful the bull flag can be.

Corrective Wave Definition:

After an uptrend, it has a downward slope. After a downtrend, it has an upward slope.
This downward or upward slop known as "Corrective Wave".

Flag patterns can be bullish or bearish:

A bullish flag is known as a Bull Flag .
A bearish flag is known as a Bear Flag .

How to Trade FLAG Patterns:
When the trend line resistance on the flag breaks, it triggers the next leg of the trend move, and the price proceeds ahead.
Breakouts happen in both directions but almost all flags are continuation patterns.

This means that Flags in an uptrend are expected to break out upward and Flags in a downtrend, are expected to break out downward.

❀️ If you find this helpful and want more FREE forecasts in TradingView

. . . . . Please show your support back,
. . . . . . . . Hit the πŸ‘ LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!

❀️ Your Support is very much πŸ™ appreciated!❀️
πŸ’Ž Want us to help you become a better Forex trader?

Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.

Trade well, ❀️
ForecastCity English Support Team ❀️
HighAccurate forecast for
β˜…36 Forex Pairs: 916.000 pips track record profit
β˜…34 Cryptos
β˜…Gold, Silver, Oils, Gas
β˜…Best Profitable Trading Strategies

in 9 languages

since 2007

http://www.ForecastCity.com
β˜…FREE Telegram http://t.me/forecastcity_com

Comments

It's hilarious. Thank you so much.
+4 Reply
ForecastCity Josef_anderson
@Josef_anderson, Thanks for your nice comment.
+1 Reply
Thank you, very useful post. I hope to earn more :) , Cheers πŸ‘
+3 Reply
@Kamryn, We're glad you like it. πŸ‘
+1 Reply
Thanks for the educational info.
+3 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, We hope you enjoy it.
+1 Reply
I totally understood the flag now. It's very helpful. Cheers πŸ‘
+3 Reply
ForecastCity Kristalyn
@Kristalyn, Cheers πŸ‘
+1 Reply
Excellent, is it just an educational post or can we trade based on this chart and explanation?
+3 Reply
ForecastCity carefulOwl22772
@carefulOwl22772, Yes it is an educational post; however, as it is shown, you can enter a trade at breakouts of the suggested lines.
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out