🚩What is a Flag Pattern? A flag pattern is a commonly observed technical analysis pattern used to identify potential continuation of current market trends. It is characterized by a period of consolidation, where the market experiences a relatively small range of movement, following a significant price movement. This pattern is formed as the market returns to a...
Hi everyone and Good morning. Welcoming you back (after 18-week break) Thanks for your like and supports. This is Part 3 of my Technical Analysis series of CHART PATTERNS BULL AND BEAR FLAGS Now, for those meeting the words BULLS and BEARS for the first time, these are terms used to describe the buying and selling action of traders BULLS generally...
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...
This is just a simple chart showing continuation patterns. I took all the normal indicators I typically add to every chart to help you see clearly.
Horizontal Support Resistance, Diagonal Support Resistant (Parallel Channel), Dynamic Support Resistance (EMA 10 EMA 20), Pin Bar. Enter at Horizontal Level Exit at Horizontal Level Enter at 50% Retracement of Pinbar. 50.0 Fibonacci Retracement Level. Exit at Horizontal Level of the Equidistant Channel. (Target 1) Exit at the Measured Move Measured Objective of...
Basic Market Structure and Pattern Behavior applied on every timeframe and any markets (stocks, crypto, fx, futures, indices etc). Common Patterns I showed on the chart: Double Bottom / Triple Bottom Bull Flag / Bear Flag Ascending Wedge / Descending Wedge / Expanding Wedge Head and Shoulders / Inverted Head and Shoulders Cup and Handle / ...