Hello everyone, Today, I’ve prepared an educational guide on chart patterns, specifically focusing on the Flag Pattern. This content is designed to be easy for beginners to follow, so I hope you find it engaging and informative. :) Below is the outline I’ll be using for this post: ———— ✔️ Outline 1. What is a Flag Pattern? Definition Key Components ...
A flag pattern is a technical analysis chart pattern that can be observed in the price charts of financial assets, such as stocks, currencies, or commodities. It is considered a continuation pattern, indicating that the prevailing trend is likely to continue after a brief consolidation or pause. The flag pattern is formed by two main components: Flagpole : The...
Flag Pattern: A flag is a chart pattern formed during a counter-trend move after a sharp price movement. Why is it called Flag? It is named because of the way it reminds the viewer of a flag on a flagpole. What does the Flag Pattern represent? It signifies trend reversals or breakouts after a period of consolidation. The five main characteristics of a Flag...