A bull flag pattern, characterized by a sharp price rise followed by a consolidation period, signals a potential continuation of an upward trend in trading. The formation of a bull flag often reflects market psychology, where initial bullish momentum pauses, allowing traders to catch their breath ...
A bullish engulfing pattern is one of the most reliable candlestick patterns you can use to predict future price movements.
Unlike a bullish flag, in a bearish flag pattern, the volume does not always decline during the consolidation. The reason for this is that bearish, downward trending price moves are usually driven by investor fear and anxiety over falling prices. The further prices fall, the greater the urgency...
The pattern consists of between five to twenty candlesticks. In this blog, we will be discussing the formation of this pattern as well as how to trade with this pattern. Table of Contents What is a Flag pattern? What is the Bullish Flag Pattern? What is the Bearish Flag Pattern? Formation...