Get started

Bullflagpattern

TLRAY INC |Bull Flag | S/R Flip | Clean Trade Setup Today’s Chart - TLRAY INC – Currently consolidating in a bull-flag formation above structural support. Points to consider: - Structural support retest (S/R Flip confirmation) - Bull-flag formation - Below average volume - RSI trading above 50 TLRAYs S/R flip has been confirmed with a retest of structural support, the immediate target now structural resistance. Volume nodes are below average, bulls need to see an influx out of the probable bull flag formation to support the bullish bias RSI is above 50, showing reasonable strength in the current market Overall, in my opinion, a bullish breakout is imminent. A long trade will be validated on a retest of the neckline (conservative entry) or a break of the bull flag (aggressive entry) as both technical targets align with structural resistance. “When you smoke herb, it reveals you to yourself.” – Bob Marley
NASDAQ:TLRYLong
by Kudiiee
GOLD may be about to GO LONG Looking for LONGS on GOLD Gold looks like its breaking out of a bull flag on the 4HR so I've dropped to the 1HR to see what I can find. I'm looking now for my next confirmation which is a break in key resistance at approx $1733. A close above this level will give me a signal to enter a long here with my main target being the top of the flag. Trade Specifics: ENTRY - $1734 TP1 - $1751 TP2 - $1764 TP3 - LET RUN. Daily resistance above these levels sits around $1796, which I will push for. SL - $1715 R : R - 1 : 1.6 approx. Slightly better if targeting the daily res up higher. PS - If you are targeting the daily res at $1796, I would be inclined to put my Stop Loss down to $1710 for safety, its affordable. Reminder - this is not financial advice, simply an idea. Please do your own research before entering any trades and ensure you use risk management such as stop losses. Remember, there is only 5 outcomes when you enter a trade: 1. Break Even 2. Small Win 3. Small Loss 4. Big Win 5. Big Loss Eliminate #5 from your future options. Happy Hunting!
OANDA:XAUUSDLong
by glennleese
8
Bullish Ascending Triangle - Near Breakout TerritoryHigher lows in recent swings show bullish consolidation and formation of an ascending triangle which could also be interpreted as a bull flag nearing the breakout zone. This next test of a strong resistance around 1730 level will be very informative of the future direction of gold. I expect if price rejects this level a third time (triple top) it will break lower and re-test the 1680 level but remain bullish overall. If price breaks higher than recent tops around 1735-1740, we could see a breakout and run up to 2012 highs, around 1770-1790. I suspect the latter more likely, as outlined on the chart. Overall, near term fundamentals and technicals remain pretty bullish on gold. What are your thoughts?
FX:XAUUSDLong
by PerryWave
EURNZD 1D BULL FLAG LONG TRADEBull Flags are a Range pattern and are a repeatable trading chart patterns. Bull Flag chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
Long
by Tradingstrategyguides
4
MacDonald's 1D Bull Flag Short TradeBull Flag is a Range pattern and they are a repeatable trading chart pattern. Bull Flag Range chart pattern will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of the average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
NYSE:MCDShort
by Tradingstrategyguides
1
How to Trade Bull & Bear Flag Pattern | Flag Pattern Tutorial !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 we draw the pattern it looks like flag on a pole, that's why they are called bull flags. How to identify and Trade Bull Flags : - It is easy to identify a bull flag you just need to look for a Bullish Vertical Rally or Trend which is Pole of the Flag then identify the consolidation which will look like either horizontal channel or downward channel which will be the Flag. After identifying the pattern you can enter at the bottom of the flag or you can enter when price breaks the upper trendline of the flag which is more safe. The breakout may also be a fakeout that's why we will take help of Volume and RSI Indicator to confirm the breakout. As shown on the below example you can see when price breaked the uppper trend of the flag the Trend drawn on the RSI was also broke and the Volume was high. () ( *Key things to know : If the retracement measured from the vertical rally or Flag Pole retrace more than 50% the pattern becomes weak and it may not be a Flag Pattern but sometimes it stays valid if it breakouts above the uppertrend of the flag.) Bear Flag : Bear Flag is just the opposite of the Bull Flag Pattern. A bear Flag forms in bearish trending market. Bear Flag pattern signals the market is likely to drop more lower. You need to identify Bear Flag in bearish trend when the price of a financial asset drops then if the price forms a horizontal channel or upward channel which will look like a inverted flag whose flag pole will be upside and the flag will be downside. Stay Tuned; 👍 Like this tutorial & share your comment below and also check other tutorials with example linked below; Thank You-
BITSTAMP:BTCUSDEducation
by tapasdhanadana
9