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A flag can be used as an entry pattern for the continuation of an established trend. The formation usually occurs after a strong trending move that can contain gaps (this move is known as the mast or pole of the flag) where the flag represents a relatively short period of indecision. The pattern usually forms at the midpoint of a full swing and consolidates the prior move. Price is contained by 2 parallel trend lines that lie close together and are sloped against the mast.

Bullish flags can form after an uptrend, bearish flags can form after a downtrend. The pattern has completed when price breaks out of the containing trend lines in the direction of the prevailing trend, at which point it will likely continue its course. Conservative traders may look for additional confirmation of the trend continuing. The target can be estimated through the technique of measuring the length of the mast and extending it in the direction of the breakout. A common stop level is just outside the flag on the opposite side of the breakout.
Shivam_93 Shivam_93 USDJPY, 240, Short ,
141 0 2
USDJPY, 240 Short
USD/JPY Short Trading Setup

USD/JPY short bias: There is either a head and shoulders pattern created there or it could be seen as a triple bottom on the H4, both indicating bearish reversals and the neckline has been retested. We see a bearish flag being formed on Friday and we should see the 109.93 support level broken to the downside towards the 109.2 major support level next week. There’s ...

tomraistrick tomraistrick BTCUSD, 30, Short ,
35 0 1
BTCUSD, 30 Short
Ready For Another Move

BTC looks ready for another large downward shift - potentially after a slight rise to resistance. This chart is an update to my previous published idea: Further To Go.

ermalalija ermalalija EURAUD, 240, Short ,
27 0 1
EURAUD, 240 Short
EURAUD Head & Shoulders in Bearish Flag

Head and shoulders pattern forming in Bearish flag. Price could drop if price reaches ~1.56700

rektcapital rektcapital QKCBTC, 240, Long ,
23 0 0
QKCBTC, 240 Long
QKC Long

Bull Flag on price saw a clear breakout today

ChrisAinsley ChrisAinsley TWTR, 1D, Long ,
41 0 0
TWTR, 1D Long
Twitter Earnings Play

Earnings on the 27th In a bull flag Likely to gap up Sell half at 46

33 0 4
TRYJPY, 1D Short
Resistance Holds Strong on The TRYJPY

Last post: May 25th. See chart. Review: Price was continuing to weaken as the bears remained in control of the market. Update: Price pulled back to resistance and the bears are now back in control with good weakness towards the end of the week. Conclusion: A break and close below the draw-in pivot support is still required and ideally in the form of a bear ...

JohnnyPurtoy98 JohnnyPurtoy98 USDCAD, 1W, Short ,
158 1 1
USDCAD, 1W Short
USDCAD bearish moves

The double bearish flag can be seen, also this has been confirmed by the falling wedge. This does mean that it would be best to keep an eye on the market as the price is going to most likely breakout the resistance top of this falling wedge eventually. Looking at the RSI and chart patterns I believe that the price is going to fall as it does not look like it has ...

27 0 5
TRYJPY, 1D Short
The TRYJPY Continues to Weaken

Last post: May 16th. See chart. Review: A continuation of the bear trend was likely with the confirmation of the bear flag. Update: Price has indeed weakened further with another bear flag a possibility by the end of play today. Conclusion: Another bear flag will mean further shorting opportunities as price continues to weaken. Any comments or questions, ...

JohnnyPurtoy98 JohnnyPurtoy98 USDCAD, 1W, Short ,
61 0 2
USDCAD, 1W Short
Bearish flag USDCAD

A second bearish flag has started to form on this currency pair, the first had a strong drop in price after the pattern had fully formed. I believe the same will happen for this bearish flag, I think once the pattern has fully formed the price would take another big hit. I will keep everyone updated about any signals on this currency pair that may occur over the ...

42 0 4
TRYJPY, 1D Short
Bear Flag Confirmed on The TRYJPY

Last post: May 13th. See chart. Review: Price had pulled back to and was bouncing off resistance. Update: We were wanting a breakout in the form of a bear flag. 2 more days of weakness means the bear flag has been confirmed. Conclusion: A bear trend continuation is now likely offering further shorting opportunities. Any comments or questions, do not ...

27 0 2
CHFJPY, 1D
Price Continues to Pullback on The CHFJPY

Last post: May 7th. See chart. Review: Price was pulling back to round number 110 resistance. Update: Price continued to pullback and is now at 110 resistance. Conclusion: Require price to bounce off resistance and break and close below April support ideally in the form of a bear flag. Any comments or questions, do not hesitate to leave them below. Hit ...

47 0 2
AUDJPY, 1D
AUDJPY Push to Daily Price Zone

Price breaking out of a channel with strong bullish moves from weekly and monthly trend lines; bullish structure on higher time-frames.

wolfstreetswinger wolfstreetswinger SYY, 1D, Short ,
29 0 0
SYY, 1D Short
syy - bear flag

Went short on this friday at 60 can still see more downside to 58-57 may revisit blue uptrend line

mattgarbutt mattgarbutt ETHUSD, 1D, Long ,
69 0 0
ETHUSD, 1D Long
Ethereum, long-term bull?

Another long term log chart, this time it's ETH - which, like BTC, is mostly a continuation pattern of bull flags going back in time. How you choose to determine the current trend is up to you, a series of bear flags? Or one big bull flag?

106 0 5
GBPCAD, 1D Long
A Potential Bull Flag on The GBPCAD

Never expect instant gratification or for price to shoot in a straight line. This is very much a short term mentality and why many find themselves trading on lower time frames battling inconsistent results. Instead, embrace the fact that a trend is a function of time. Take fashion for example. Trends are a minimum of 3 months based on seasonal wear. Other ...

mattgarbutt mattgarbutt BTCUSD, 1W, Long ,
4206 0 16
BTCUSD, 1W Long
Bitcoin is dead, long live Bitcoin - bulls v bears since 2011

There's blood in the streets, and the smell of fear, we may even be witnessing capitulation. But it never lasts that long. Unless this really is the end of crypto this time - we've all heard that one before. This is just a rough little sketch on the zoomed out weekly (log scale), Apart from the Mt Gox prolonged bear market, with some big bear flags in that ...

Roker1 Roker1 EURCAD, 60, Long ,
508 0 6
EURCAD, 60 Long
Flag pattern on EURCAD

Hi guys, this time we're going with the trend and we're not anticipating any kind of reversal. Instead, since we saw a recent break and close above the Previous Resistance Level (pointed out in the chart) we're now looking to ride the trend untill we get to the next reversal point that will come all the way up to 1,5780. So i went on lower timeframes such as the ...

69 0 0
WEED, 1D
WEED breaks out of a triangle

Will WEED clear the triangle with that upward move and confirm the bullish flag?? If it holds, then the higher range is possible.

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