enter on thebreakoutabove the flag’s resistance with a stop-loss below the flag’s low. Enhance your strategy usingmoving averagesand RSI for confirmation. Mastering this pattern can lead to substantial gains during a strong trending instrument. ...
The shape of the flag is not as important as the underlying psychology behind the pattern. Basically, despite a strong vertical rally, the stock refuses to drop appreciably, as bulls snap up any shares they can get. Thebreakoutfrom a flag often results in a powerful move higher, measuring t...
Traders wait for the price to break above the resistance of the consolidation after this pattern is formed to enter the market. The breakout indicates that the prior uptrend will be continued. What is the Bearish Flag Pattern? When the prices are in the downtrend a bearish flag pattern shows...