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Flagandpole

UPL SWING BUY , FLAG AND POLE1. Flag and pole pattern is clearly seen in the chart. 2. Today on 10th of november it breaks out the flag with a good bullish candle having good volume, higher than 21 day average. 3. Now it may give a retest in before picking up the momentum or continue with no retest. So it is good to enter in the stock now , and add more on the time of retest : Entry : CMP ( 754-774 ) StopLoss : 740 Targets , There are two targets ; 1. The short one is where the trendline of the flag starts 852.40 , so Target 1 will be 840. 2. On holding the stock for more time , second target is based the length of POLE when we measures the length of pole and puts it at breakout level second target comes out to be 1025 ( 38% potential ). Target 1 : 840 , ( RR ratio > 2.5 ) Target 2 : 1025 , ( RR ratio > 8 ) Disclaimer : This analysis/strategy is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
NSE:UPLLong
by hjharsh
1
BITCOIN 80k soon : FIB Extension & Flag-Pole theory (READ CAP) Bitcoin projected targets are 80k as per both of my theories:- 1st THEORY- FLAG & POLE - Widely used Flag Pole is basically plotted to guess further targets when an asset is at ATH . Bitcoin went into consolidation and formed a slant flag after a huge rally, here the rally is considered as a pole. So we just draw a trendline from the bottom to the top of the rally till the current consolidation phase and paste the same pole ahead of the flag. Our projected target is 80k here. This is a very simple theory. Second one is Fibonacci Extension . We plotted this from 28k to 53 where it retraced and we usually consider 0.618 as our targets which is again 80k Now that's huge and looks quite accurate. COMMENT your views HODL !
Long
by meetmoneypenny
What is Bullish Flag Pattern?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 parallel trendlines that tend to slope against the preceding trend. Phase 1: Preceding Uptrend When there is an extreme demand in prices there is an uptrend. It continued as the demand increases. Phase 2: Flag After the sharp uptrend when supply increases more then the demand prices move to the consolidation phase or flag phase. This acts as a small price channel. Phase 3: Uptrend Continuation As the flag is a pause in an uptrend, as prices consolidate investors again start to show interest in the asset which eventually leads to heavy demand again which further leads to a breakout and uptrend continuation. Role of Volume: Volume plays a vital role in the completion of the Bullish Flag pattern. When in a preceding uptrend the volume is quite higher. In the flag phase, the volume starts to go down as investors are least interested to buy and sell that particular asset. And again on the breakout, the volume surges. Volume with Breakout gives a good indication of a successful uptrend. Above Chart Explanation: This is 4H chart of SOLUSDT We can see a good preceding uptrend with great volumes. Then after the uptrend, we enter the second phase the flag phase we can see perfect bounce and retracement from upper and lower trendlines or flag with diminishing volumes. And again a breakout with good volumes. Here could be the two possible entries one at the bottom of the flag that gives us a very low-risk entry if it breaks the flag we exit. And second entry can be at breakout, first, we have to confirm that the breakout is legit for that we can look at the volumes rising volumes to confirm that the breakout is legit. Usually, we should target the length of the pole after the breakout. Conclusion: Bullish Flag is a continuation pattern it occurs quite often on charts and is one of the most reliable continuation patterns. Comment your thoughts on Bullish Flag Pattern in the comment section below. Disclaimer: This is just an educational post never trade just any pattern. And please do your research before making any trades. PS: We are again publishing this for our Indian Audience Happy Trading!
Education
by Coinlog
3