What is a bear flag pattern :
A bear flag pattern is a continuation pattern that resembles an upturned flag with a pole. It shows a continued bearish downtrend broken midway by a pullback – the upward channel or triangle representing the flag.
Criteria:
1. The pattern can be misleading if the retracement or the flag is larger than 50% of the pole.
2. RSI will...
A flag pattern is a trend continuation pattern, appropriately named after it’s visual similarity to a flag on a flagpole. Flag patterns can be bullish or bearish.
1. Flagpole: A line extending up from this break to the high of the flag/pennant forms the flagpole. The flagpole is the distance from the first resistance or support break to the high or low of the...
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 two...
