Have you ever wondered why price action sometimes forms a bull flag pattern? Have you ever wondered if there is a way to predict whether a bull flag will break out before it actually does so? In this post, I will try to address these questions by presenting a couple of theories about the nature of bull flags. Bull Flag Theories (1) The flag structure of a...
🚩What is a Flag Pattern? A flag pattern is a commonly observed technical analysis pattern used to identify potential continuation of current market trends. It is characterized by a period of consolidation, where the market experiences a relatively small range of movement, following a significant price movement. This pattern is formed as the market returns to a...
Hi everyone and Good morning. Welcoming you back (after 18-week break) Thanks for your like and supports. This is Part 3 of my Technical Analysis series of CHART PATTERNS BULL AND BEAR FLAGS Now, for those meeting the words BULLS and BEARS for the first time, these are terms used to describe the buying and selling action of traders BULLS generally...
Bull Flags are one of the most well known & easily recognized chart patterns. The most important factor in identifying any flag pattern is the clear "staff" or "flagpole"; there should be a straight run upwards leading up to the pattern or it is not a valid pattern. After the straight run upward price starts to Zig Zag between two converging trendlines forming...
In this analysis, I'll be providing an in-depth analysis on LendingTree, as well as an explanation on megaphone patterns and its bullish upside. What is LendingTree Inc.? Lendingtree (TREE) is a company that offers a platform for borrowers and multiple lenders, offering the opportunity for its users to find the best possible deal on their loans. Business...
just example of divergence invalidate by bull flag ABC
ELLIOTE WAVE LEARNING CORRECTIVE OR IMPULSIVE WAVE CORRECTIVE WAVE RETRACE 50% FIB LEVEL FROM IMPULSIVE WAVE #WAVE 4 NEVER ENTER IN TERRITORY OF WAVE 1 #WAVE 3 NEVER BE SHORTEST WAVE For more learning about Elliote wave please like share and comment if any question
Bull & Bear Flag chart patterns Tutorial! Bull Flag : A bull flag forms in bullish trending market, After a strong bullish movement when this pattern forms it signals the market is likely to move more higher. Bull flag pattern much similarly looks like a horizontal parallel channel or downward parallel channel along with a strong bullish vertical rally; when...
It appears we might be having a big run up if BTC price follows through upwards over the 9500 (red line) area towards 9800 - 9920, thereby creating what appears to be a bull flag. Another range trading will then be within the flag before it shoots up but if goes down below the 9200 without hitting the 9800 area, I would assume that move invalidates creating a...
Basic Market Structure and Pattern Behavior applied on every timeframe and any markets (stocks, crypto, fx, futures, indices etc). Common Patterns I showed on the chart: Double Bottom / Triple Bottom Bull Flag / Bear Flag Ascending Wedge / Descending Wedge / Expanding Wedge Head and Shoulders / Inverted Head and Shoulders Cup and Handle / ...
Litecoin showing great setup of Re-Accumulation (Bull-Flag) and you can find this chart easy to use on other assets where you can find Descending Wedges. My previous Litecoin analysis was posted on January 23 2019, achieved about 45% profits so far, and still active targets.
The flag pattern is fairly simple with just three components. 1. The flagpole 2.The flag A strong up trend Ideally, we want to see a retracement of 38.2% or less for trend continuation. To trade the flag, you can time an entry at the lower end of the price channel or wait for a break up above the upper channel. Look to take profits by projecting the length...