A bull flag consists of two key parts:
Flagpole: A strong, nearly vertical price rise with high volume.
Flag: A short-term consolidation or slight pullback that slopes downward or moves sideways on lower volume.
It resembles a flag on a pole — hence the name.
Flagpole: A strong, nearly vertical price rise with high volume.
Flag: A short-term consolidation or slight pullback that slopes downward or moves sideways on lower volume.
It resembles a flag on a pole — hence the name.
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Disclaimer
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.