Bullish Flag Pattern
Updated
strong up trend (flag pole).
Through the duration of this uptrend, prices need to rest and consolidate those gains. price consolidation becomes the ‘flag’ of the pattern.
The flag portion of the pattern tends to be a gently downward sloping price channel.
break up above the upper channel
price target base on the length of the flag pole
Ichimoku confirm uptrend
Road to 400 ?
Through the duration of this uptrend, prices need to rest and consolidate those gains. price consolidation becomes the ‘flag’ of the pattern.
The flag portion of the pattern tends to be a gently downward sloping price channel.
break up above the upper channel
price target base on the length of the flag pole
Ichimoku confirm uptrend
Road to 400 ?
Note
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