PRICE ACTION:
• A steep upwards price action initiates from (1) till finding first resistance (2), creating the flag's pole.
• Price action reverses direction from (2) and forms lower highs and lower lows in a narrow flag formation till it finds the lowest support in the formation at point (3).
• The pattern is completed when price action reverse direction from the last touch to the lower flag border and goes upwards till it breaks the upper border at point (5).
• A steep upwards price action initiates from (1) till finding first resistance (2), creating the flag's pole.
• Price action reverses direction from (2) and forms lower highs and lower lows in a narrow flag formation till it finds the lowest support in the formation at point (3).
• The pattern is completed when price action reverse direction from the last touch to the lower flag border and goes upwards till it breaks the upper border at point (5).