Euro / U.S. DollarShort
EUR/USD BEAR FLAG
The bear flag pattern is a bearish continuation pattern that signals the potential continuation of a downtrend1
. Here's how it works:
Flagpole: The pattern starts with a sharp decline in price, forming the flagpole1
.
Flag: After the decline, the price enters a consolidation phase, moving sideways in a flag-like shape1
.
Breakdown: If the price breaks below the lower boundary of the flag, it confirms the pattern
. Here's how it works:
Flagpole: The pattern starts with a sharp decline in price, forming the flagpole1
.
Flag: After the decline, the price enters a consolidation phase, moving sideways in a flag-like shape1
.
Breakdown: If the price breaks below the lower boundary of the flag, it confirms the pattern
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.