Typical Example of bullish 🏳 pattern.
Increasing Volume + bigger than usual bullish bar closing near the top = uptrend = pole of the flag.
Sideways consolidation = Forming flag part of bullish flag= confirmation by decreasing volume.
Breakout confirmation by increasing Volume..
Estimated Target= length of the pole of the flag..
SL below the low of breakout candle..
Education purpose..
Sideways consolidation = Forming flag part of bullish flag= confirmation by decreasing volume.
Breakout confirmation by increasing Volume..
Estimated Target= length of the pole of the flag..
SL below the low of breakout candle..
Education purpose..
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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.