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Bullflags

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
Bull Flag or Descending Triangle. What Does The Death Cross Tell You? The death cross occurs when a short-term moving average (typically 50-day SMA ) crosses over a major long-term moving average (typically 200-day SMA ) to the downside and is interpreted by analysts and traders as signaling a definitive bear turn in a market. The opposite of the death cross occurs with the appearance of the golden cross, when the short-term moving average of a stock or index moves above the long-term moving average. Many investors view this pattern as a bullish indicator. The golden cross pattern typically shows up after a prolonged downtrend has run out of momentum. As is true with the death cross, investors should confirm the trend reversal after several days or weeks of price movement in the new direction. Much of the process of investing by following patterns is self-fulfilling behavior, as trading volumes increase with the attention of more investors who are driven in part by an increase in financial news stories abut a particular stock or the movement of an index. Limitations Of Using The Death Cross All indicators are “lagging,” and no indicator can truly predict the future. Once & while a death cross can produce a false signal, and a trader placing a short at that time would be in some near-term trouble. Despite its apparent predictive power in forecasting prior large bear markets, death crosses also do regularly produce false signals. Therefore, a death cross should always be confirmed with other signals and indicators before putting on a trade. Possibly Bull Flag or Descending Triangle as well, outlined in dark Green.
TVC:DJI
by ScotianBot
Gold - Bullish Setup (Inverse Head & Shoulders & Bull Flag)Folks, It looks like there's a really nice bullish setup forming in gold right now with an inverse head & shoulders pattern along with a bull flag. Given the bullish sentiment around gold now along with all the stimulus recently rolled out globally...it's hard not to throw all the chips in on this one. Look for an entry ~1,610-1,615 range with a tight stop loss around 1,600 for those more risk adverse or around 1,550 if there's a bit more tolerance for risk. Initial target is the recent high and neckline of the head & shoulders patter at 1,700-1,705. An alternative and more conservative entry would be a break of the downward sloping trend line of the bull flag. This is all adding up to a nice play if it doesn't break down. Cheers! Days Off
COMEX:GC1!Long
by Days_Off
ETHEREUM LOOKING BULLISH AGAIN!!Hey there, please support this idea with your likes and follow me on TV if you don't want to miss out! Take a close look at this chart and what is written on it. Ethereum is currently being rejected my the 1004h MA and price is now being squeezed between the 100 and 2004h MA. We are going to have a deathcross of the 2 moving averages shortly, so we will see if this is going to have an impact on price. Since the 2004h is ascending and only the 100 is declining, I wouldn't put too much emphasis on this signal. 250 seems to provide strong resistance with multiple factors in play, such as Setup-trendline of the TI Indicator, 0.5 fib, structural support in the past, and psychological round number. For now we have a big hurdle to get over with price now sitting at key structural resistance from the consolidation at the top. Luckily for Ethereums price, we are now forming a 4h bullflag and if this day closes around the current vacinity then this could send ETH into 250USD. Ok so as I am writing this we are breaking over the bull flags resistance, so now the 1004h is the next hurdle, which we are now sitting on. Exciting times and many trading opportunities currently, take your chances and play wisely! Thanks and cheers, Konrad
BITMEX:ETHUSD.PLong
by EnlightenedTrading