A bear flag is a technical pattern signaling a continuation of a downtrend. It starts with a steep price drop (the flagpole) followed by a brief consolidation in a parallel channel (the flag). If the price breaks below the flag's support, it often indicates further downside. ⚠️
💡 Key Features:
Flagpole: Sharp price drop. Flag: Sideways or upward consolidation. Breakdown: Signals bearish continuation. Traders watch this pattern to spot potential selling opportunities. 🚨
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.