This is the first part of the video series where I will explain how a high tight flag setup should look like. This will help you shortlist your focus stocks from the stocks that your scanner throws out.
A high tight flag setup should have the following characteristics. Here I am using daily timeframe:
- The pole is steep. Means high percentage move in a few...
The high tight flag chart pattern is an extremely bullish formation.
It is formed once a stock rises sharply by 50-100% within a few weeks or 1-3 months.
After that stock pullback is small i.e. 25-30%
In the next step the price tightens up i.e. small candles or less volatility in the price
Finally, the stock breaks out with heavy volume
The stop can be...