BULL FLAG This pattern occurs in an uptrend to confirm further movement up. The continuation of the movement up can be measured by the size of the of pole. BEAR FLAG This pattern occurs in a downtrend to confirm further movement down. The continuation of the movement down can be measured by the size of the pole. Please don't forget to like, comment and follow...
What is a Bullish Flag Pattern? The bullish Flag pattern is usually found in assets with a strong uptrend. It is called a flag pattern because it resembles a flag and pole. Pole is the preceding uptrend where the flag represents the consolidation of the uptrend. How does Bullish Flag Pattern? The flag pattern resembles a parallelogram or rectangle marked by...
In this post, we will be explaining what a flag patterns is and how to identify and trade them. What is a Flag? The flag pattern is the most common continuation patterns in technical analysis. It often occurs after a big impulsive move. The impulse move is followed by short bodied candles countertrend to the impulse move, which is called the flag. It is named...
In this post, we will be explaining what a flag patterns is and how to identify and trade them. What is a Flag? The flag pattern is the most common continuation patterns in technical analysis. It often occurs after a big impulsive move. The impulse move is followed by short bodied candles countertrend to the impulse move, which is called the flag. It is named...
Here is a chart of EURCAD. There were various opportunities available both short term and long term. Once you can identify chart patterns, you can easily anticipate where price will go next. A great chart pattern that I always use is flags - Bull Flags and Bear Flags. In the chart you can see that many times price impulsed and then created a flag and then carried...
This Bullish log chart for BTC shows a clear cup and handle Yet these could be acting as a quasi-bullflag, flagpole at the same time. Both experience an upward move initially (cup, flag-pole) and further consolidation period (handle, bullflag) Both are bullish but experience a similar development as bullish tools. That will always continue to form over time. The...
Bull Flags are one of the most well known & easily recognized chart patterns. The most important factor in identifying any flag pattern is the clear "staff" or "flagpole"; there should be a straight run upwards leading up to the pattern or it is not a valid pattern. After the straight run upward price starts to Zig Zag between two converging trendlines forming...
Hello everyone: Welcome back to another quick educational video on price action structures/patterns. Today let's go deeper into the continuation correctional structure. Specifically, the continuation bull/bear flag structure. First it's important to understand that a bullish/bearish flag is a continuation correction. They are representing a correctional...
Here we have an example of a bullish flag. It has a very good risk to reward ration ( 1 : 7 = 750 pips ). It's an easy pattern to spot and you can combine it with Fibonacci retracement or support/resistance or whatever tool you want. DON'T LET ANOTHER FLAG UNTRADED ! ! !
In this technical analysis we are reviewing the price action on Ethereum. The confirmed bull flag is a very powerful signal and I will be explaining how you can trade it. Both flags and Pennants are quite similar to each other and have proven to be powerful chart patterns in technical analysis. They are considered 'continuation patterns'. First of all it is...
looks like we have some resistance around the 1.33 area we need to get through
CRUUF is now displaying one of my favorite bullish signals - GOLDEN CROSS Also, very bullish is its current buy opinion by one of Wall Street’s leading Technical indicators barchart.com, which just issued CRUUF an 80% "Buy" short term! > Hence Time Sensitive?
Hi all, I've been getting a few DM's and emails on what I think of the current price action. In past videos and written publications I have said that things got into extreme overbought territory on the shorter time frame charts. I mentioned that things could trade sideways and be a little choppy for a few days while momentum rolls back to neutral territory. If...
Flags and pennants are continuation patterns. They are traded in the same way, but each has a slightly different shape. The terms flag and pennant are often used interchangeably. A flag or pennant pattern forms when the price rallies sharply, then moves sideways or slightly to the downside. This sideways movement typically takes the form or a rectangle (flag) or...
A few days ago i said i would make an educational analysis about that pattern i saw a few days, something i have seen many MANY times this year. Especially since May until September this year. What do we see here: After breakouts like we had a few days, where we see a squeeze up happen within 1 or 2 minutes, then we see a dump happen just as fast and usually...
Chart patterns are great ways to anticipate reversals of trends. Other indicators like MACD and RSI can help you figure out more exactly when but identifying chart patterns are a great way to see a reversal coming. The first step is knowing how to draw trend lines. With these you can more easily see how the range of a certain move is changing. If the range is...