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Flag

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.
Evan_Moe_Money Evan_Moe_Money RIB, 60, Long ,
RIB: Ladys and gentlemen, fasten your seat belts for the breakout
34 0 1
RIB, 60 Long
Ladys and gentlemen, fasten your seat belts for the breakout

I love this setup! We have lower highs over a good time period, and a strong support. So... what will happen? I guess, as the support and the resistance had been tested multiple times already, there is a guaranteed breakout. And since we are in a uptrend, I believe it will rocket away. Sky is the limit. So what about NASA? I will enter a long position, as soon ...

ChEtg ChEtg GBPJPY, 30, Short ,
GBPJPY: GBP JPY broken out from a Flag - expecting short term bearish mo
37 0 0
GBPJPY, 30 Short
GBP JPY broken out from a Flag - expecting short term bearish mo

GBP and JPY both saw some gains last week, JPY based on the Dollar weakness from inflation data on Friday. It has been consolidating in a range as above since the large move up. Forming a Flag, Now we have seen a break and close below. Myself and clients have been in this before the Break, as we expected a breakthrough, as the GBP was overbought back end of ...

Foxinlondon Foxinlondon USDCHF, 240, Short ,
USDCHF: USD/CHF H4
8 0 0
USDCHF, 240 Short
USD/CHF H4

Bullish above 0.97 Bearish below 0.96 Personally I am waiting for shorting opportunity, as DXY is bearish at the moment, also it looks like bearish flag formation on usd/chf.

theopportunist_trader theopportunist_trader LTCBTC, 60, Long ,
LTCBTC: Flag Pattern
76 0 2
LTCBTC, 60 Long
Flag Pattern

The asset has also provided a flag pattern and now is in a flag pattern again, the 100 MA will provide support the price, and the Coppock curve is a in a triangle pattern and it will most likely breakout upwards to be positive. Also, this is backed by the volume decreasing showing a breakout is Imminent.

theopportunist_trader theopportunist_trader GBPUSD, D, Short ,
GBPUSD: Pound swing trade
53 0 1
GBPUSD, D Short
Pound swing trade

The pound seems to be in a very large flag pattern, but a mini triangle pattern, so this brings about the perfect swing trade,the 200 MA will provide resistance and so thats the stop-loss, but the short is when the Pound drops below the 100 MA till the lower support trendline.

AAPL: Apple long-term Buy
43 0 1
AAPL, D
Apple long-term Buy

I bought AAPL when my market order was filled at 119.00, because it had exploded out of a short-term flag pattern and long-term cup and handle, and I'm going to keep my position till September on the announcement of the iPhone 8, but I would look out for the Coppock curve forming an ascending triangle meaning there could be a deceasing in price in the few months.

theopportunist_trader theopportunist_trader XAUUSD, D, Short ,
XAUUSD: Gold?
58 1 4
XAUUSD, D Short
Gold?

Gold sees to be forming a Flag pattern or a double bottom, but my bets are on flag pattern as volume seems to be decreasing, also, the 100 Moving Average is providing support while the 200 Moving Average is providing resistance.So, short for now.

wstipp18 wstipp18 USDJPY, 60, Short ,
USDJPY: USDJPY Forecast - Elliott Wave + Flag Breakout + Head&Shoulders
271 5 8
USDJPY, 60 Short
USDJPY Forecast - Elliott Wave + Flag Breakout + Head&Shoulders

There are some incredibly tasty trading opportunities on USDJPY this week. I've combined my ideas of the flag breakout with my basic knowledge of Elliott Wave Theory, which give me a bearish sentiment for this week. Additionally, we have just broken through the neckline of the head&shoulders pattern and have just retraced to test it. My stop loss is tight above ...

Too_Ray1 Too_Ray1 PRO GBPUSD, 60, Short ,
GBPUSD: GBPUSD SHORT
128 1 4
GBPUSD, 60 Short
GBPUSD SHORT

Short trade opened on FX:GBPUSD. - Trendline Upward trend line has broken. Price is now stalling around a previous daily demand zone. - Pin bar Price has printed a 4hr pin bar suggesting a potential reversal. - Bearish Flag Bearish flag pattern on the 4hr suggesting a short continuation. The 1hr is still bullish so entry could be really early here but the ...

Roker1 Roker1 PRO USDCAD, 60, Short ,
USDCAD: Broken Flag on USDCAD
82 0 3
USDCAD, 60 Short
Broken Flag on USDCAD

Hi guys, lately you've been seeing me posting lots of flags but that's due to the big impulses we've had after the Fed release on Wednesday. So when we have such kind of markets (heavily trending) i like to seek for simple patterns in order to catch the trend. As you can see above, on USDCAD looking left we have no structure stopping from price going lower, and ...

Roker1 Roker1 PRO AUDNZD, 15, Long ,
AUDNZD: Flag Pattern on AUDNZD
48 0 2
AUDNZD, 15 Long
Flag Pattern on AUDNZD

Hi guys, here on AUDNZD we have no structure looking left on the higher timeframe. In cases like this i start looking for simple pattern formations, like flags, triangles and wedges in the trend direction. On the chart above you have what could be considered a flag pattern that's been broken to the upside. Price is now retracing back and giving us a better risk to ...

Roker1 Roker1 PRO EURUSD, 60, Long ,
EURUSD: Flag pattern on EURUSD (TCT trade)
133 0 6
EURUSD, 60 Long
Flag pattern on EURUSD (TCT trade)

Hey guys, in this pair price recently broke and closed above the previous resistance area. Therefore we're looking to get on the trend as soon as we can. When such big impulses happen, there's usually no space for deep retracements, and so we need to use some simple patterns (flag, triangles) in order to catch the move higher. In this case you can see a flag ...

StrataOrion StrataOrion PRO AUDUSD, 240, Short ,
AUDUSD: Broken Bearish Flag - 5 Wave In Progress
69 1 1
AUDUSD, 240 Short
Broken Bearish Flag - 5 Wave In Progress

Short Bias - Price manages to break the bearish flag setup, confirming the 4 wave. Expected target would be for price to push into demand, supported by the Fib Extention of 50% thus completing the 5th wave.

Milionaire Milionaire GBPUSD, 30, Short ,
GBPUSD: Short idea
42 0 2
GBPUSD, 30 Short
Short idea

Good resistance level around the dynamic area between the 30 and 50 moving averages, as well a perfect resistance level right to the pip on 61% fibo, As seen a lovely flag pattern has formed, so it really looks like another good swing down

MorshedMustafa MorshedMustafa AUDUSD, 240, Short ,
AUDUSD: Wait for the flag breakout
73 0 2
AUDUSD, 240 Short
Wait for the flag breakout

Wait for breakout and retest on a lower time frame.

Roker1 Roker1 PRO AUDJPY, 60, Short ,
AUDJPY: Flag pattern on AUDJPY
21 0 1
AUDJPY, 60 Short
Flag pattern on AUDJPY

Hey guys, just wanted to show you how top down analysis can create day trading opportunities. I fully explained in my previous idea (attached beneath) why i'm expecting price to reach 85,50 level (reversal zone) so i can go with the trend assuming it will stop there. Here we have a simple pattern formation that usually occurs in trending markets, formed by an ...

naynay97 naynay97 GBPNZD, 60, Short ,
GBPNZD: GBP/NZD short
24 0 2
GBPNZD, 60 Short
GBP/NZD short

I see a potential downtrend using the XABCD pattern.....there's a pattern going as well for instance, it's touched resistance 3 times and touched support 2 times.. Also looks like a bearish flag formation has occurred as well so you should hopefully see market break through the 1.68610 support line.

naynay97 naynay97 CADJPY, 240, Long ,
CADJPY: CAD/JPY possible flag bullish pattern confirmed.
27 0 5
CADJPY, 240 Long
CAD/JPY possible flag bullish pattern confirmed.

Possibly pattern has been confirmed....it could lead to a bullish movement. Just wait for the market to retest the support trendline (bold black) and go long on this momentous occasion. Price looks like it'll move upwards to the 93.28 area as this is the area with the most tested resistance and most sideways movement.

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