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Bullflags

🚩 Bull Flags VS Bear Flags🚩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 state of equilibrium, following a large move. The flag pattern is considered a continuation pattern, as it often indicates that the market will continue to move in the same direction as the preceding trend, once the flag breaks out. This breakout typically occurs when the price of the security breaches the upper or lower boundary of the flag, and it is usually accompanied by an increase in trading volume. 📈📉The difference between a Bull flag VS Bear flag The difference between a bullish and a bearish flag is in the direction of the price movement. With the bullish flag, the idea is to participate in a strong uptrend. Meanwhile, with the bearish flag pattern, the idea is to trade short in the direction of the prevailing downtrend. - Downtrend vs uptrend: Bull flag and bear flag are both continuation patterns that form when the price of a stock or asset pulls back from the predominant trend in a parallel channel. - Bull flag: A bull flag is a sharp, strong volume rally of an asset or stock that portrays a positive development. - Bear flag: A bear flag is a sharp volume decline on a negative development. - Bull flag and bear flag share the same traits: Traits of Flag Patterns include support and resistant levels, flag, flag pole, breakout points and price projections. 📍Entry opportunities The most important component of any flag pattern trade is the entry. It’s generally advisable to wait for a candle to close beyond the breakout point before creating any orders to avoid being burned by a false signal. In the example above, the entries are made on a High risk - High reward mindset with stop loss bellow the flag pattern. Most traders will enter a flag pattern trade on the day after the price has broken beyond the trend line. The length of the flag pole is typically used to calculate the profit target. Even when the formation of a flag pattern is obvious, there is no guarantee that the price will move in the expected direction. As with most technical analysis, you will get the best results from flag patterns by applying them to longer-term charts as you will have more time to consider your strategy and analyze the price action. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work , Please like, comment and follow ❤️
Education
by QuantVue
3
Who is going to win this one bears or bulls?What we are looking at here is the SPY on the Daily TF (on the Left) and the 10 Min TF (on the Right). Notice that the blue arrows show that we are in a mature bear flag and it is about ready to trigger more downside action. And, you will see that the chart on the Right with the green arrows is a nice mature bull flag. How high do you think the SPY will go before ultimately flushing to the yellow target support line? Let me know in the comments. Cheers.
AMEX:SPYShort
by GarethSolowayOfficial
11
EURAUD Trade!Hello traders around the world! My name is Alexandre Karim & today I will be sharing with you my trade on EURAUD. If we go back to the daily chart, we can draw an expanding descending channel from October 2020 till present. Currently the price formed a bull flag on the upper daily TL (We can see it on the 4H & 1H TL) I was planning to take a long position when the price was forming the bull flag pattern. I was waiting for the third touch on the lower TL shown in the picture + the price gave us a little descending correction (hover) as a reversal signal & took the trade at the breakout. I am currently running at 4% and already moved my SL to BE. Will be looking to lock below 1H corrections to secure profits. You have to be patient and take quality trades. #THEPRIMES
Long
by alex_k_95
ABBV | Bull Flag Formation | LONGNYSE:ABBV AbbVie Inc. discovers, develops, manufactures, and sells pharmaceuticals in the worldwide. The company offers HUMIRA, a therapy administered as an injection for autoimmune and intestinal Behcet's diseases; SKYRIZI to treat moderate to severe plaque psoriasis in adults; RINVOQ, a JAK inhibitor for the treatment of moderate to severe active rheumatoid arthritis in adult patients; IMBRUVICA to treat adult patients with chronic lymphocytic leukemia (CLL), small lymphocytic lymphoma (SLL), and VENCLEXTA, a BCL-2 inhibitor used to treat adults with CLL or SLL; and MAVYRET to treat patients with chronic HCV genotype 1-6 infection. It also provides CREON, a pancreatic enzyme therapy for exocrine pancreatic insufficiency; Synthroid used in the treatment of hypothyroidism; Linzess/Constella to treat irritable bowel syndrome with constipation and chronic idiopathic constipation; Lupron for the palliative treatment of advanced prostate cancer, endometriosis and central precocious puberty, and patients with anemia caused by uterine fibroids; and Botox therapeutic. In addition, the company offers ORILISSA, a nonpeptide small molecule gonadotropin-releasing hormone antagonist for women with moderate to severe endometriosis pain; Duopa and Duodopa, a levodopa-carbidopa intestinal gel to treat Parkinson's disease; Lumigan/Ganfort, a bimatoprost ophthalmic solution for the reduction of elevated intraocular pressure (IOP) in patients with open angle glaucoma (OAG) or ocular hypertension; Ubrelvy to treat migraine with or without aura in adults; Alphagan/ Combigan, an alpha-adrenergic receptor agonist for the reduction of IOP in patients with OAG; and Restasis, a calcineurin inhibitor immunosuppressant to increase tear production, as well as other eye care products. AbbVie Inc. has a research collaboration with Dragonfly Therapeutics, Inc. The company was incorporated in 2012 and is headquartered in North Chicago, Illinois.
NYSE:ABBVLong
by DivergenceSeeker
XRP Bull Pennant on DailyFlags and pennants are patterns that I find are overly relied upon in crypto, and they often fail. I like this forming pennant, however, when coupled with the market sentiment. In particular, XRP has been on fire and we are testing a major psychological level at $0.50. I wouldn't long resistance - But I am already in a along position since low 40s. If I wasn't, I would not enter this trade until the price breaks out of the pennant to the upside, for confirmation. A breakout could happen here, or touch the bottom of the flag once more before going back up. I will keep a close eye on XRP for a breakout, and will have alarms set. Also my recent idea about BTC volume flow flipping in bull's favour (link below), has me thinking the market is ready to move a bit higher, and I think BTC will hold support at $20k, and move up to the next level, which will give more support to this idea. If BTC falls through $20k before this pennant breaks out, I will consider abandoning the idea altogether. The stop loss target, set at the most recent swing low is at $44.9 and sits perfectly behind another psychological level. The target is set slightly below the pole height, at $63.8. The pole reaches a bit above $0.65, but I think it will correct hard at $0.65 or even at $0.64. Keep in mind that $63.8 is an ideal scenario where the breakout shoots almost straight up with no faltering. If we have signs of trouble along the way I will not hesitate to sell, even somewhere in the mid 50s. I've been enjoying some market success, but I am a fairly inexperienced trader so don't go copying my trades. None of this is advice, just my idea.
Long
by D-Rock_Anomaly
Bearish Bull FlagsBull flags are found in charts with strong uptrends and are considered continuation patterns. They form when price barely subsides as the oscillators revert downward, such that when the oscillators are ready to move up again, rapid increases in price recur. Below are some bull flags with bearish implications that suggest perhaps more economic pain is to come in the years ahead. 1. Eurodollar Futures (pictured in the chart above and below) Eurodollars are dollar-denominated accounts at foreign banks or overseas branches of American banks. Eurodollar futures lead the Fed Funds Rate. Overnight, the Eurodollar Futures broke out of a months-long consolidation pattern. This has occurred because we are in quadruple witching season. Unfortunately, the scope of this gap up is a bearish sign for risk assets and the economy more generally. If my calculation is correct, this chart suggests that the Federal Reserve must now raise rates to at least 5.5%. 2. Japanese Yen to Gold Ratio This chart shows a 20-year bull flag that formed between the Japanese Yen and gold. Decades of monetary easing have caused a profound weakening of the Japanese Yen. If this logarithmic bull flag plays out fully, it may cost millions of Yen for a single ounce of gold in the years to come. A major problem will occur if its populace begins to believe that it is no longer worth converting their labor into Yen. 3. Overnight Reverse Repurchase Agreements This chart shows what appears to be a bull pennant forming in the amount of securities that the Federal Reserve has sold via overnight reverse repurchase agreements (also known as the "repo facility", technically reverse repo in this context). To put simply, the Federal Reserve has been proliferating its use of the repo facility to try to contain inflation. This chart, which once provided little technical analysis value in the past, now seems to show a bull pennant forming. If a breakout occurs then this could suggest that inflation is continuing to spiral out of control, as they Fed is forced to vacuum more and more dollars out of the system. 4. S&P 500 vs. Nasdaq This chart shows that, after decades of the Nasdaq 100 stocks (QQQ) outperforming the broader market (S&P 500 ETF - SPY), a bull flag is now forming in the chart of their relative performance. If this bull flag pans out and SPY breaks out relative to QQQ, this would be quite bearish, especially since SPY itself is beginning to oscillate down on the higher timeframes. This could mean that as monetary tightening deflates the everything bubble , tech will remain at the forefront of the declines. 5. Commodity Prices This chart plots the Commodity Index Tracking Fund (DBC) relative to the U.S. money supply (M2SL). If commodity inflation was solely due to excessive money printing then commodity prices would generally move in a flat horizontal line relative to the money supply. However, commodity prices are moving up much higher than the money supply, which suggests that other commodity supply issues are more to blame than simply increased money supply. One can only speculate what these extraneous factors may be: War, pandemic shutdowns, deglobalization, climate change, aging and less productive population, etc. What we know for sure is that the Fed is trying to fight this inflation battle solely through monetary tightening. But can the Fed solve these larger-scale inflationary issues through monetary policy? If so, it's hard to envision its success without a major economic downturn. 6. Dollar Index Perhaps the most alarming bull flag with bearish implications is that of the dollar index. The dollar index (DXY) measures the strength of the U.S. dollar relative to certain other currencies. It appears to be forming a bull flag on its yearly chart. Bull flags that form at this high of a timeframe often signal a new supercycle or prolonged period in which the context has changed and will remain changed for years or decades to come. In this case, the context of lower and lower interest rates over the past several decades has ended. As the U.S. economy remains strong relative to much of the rest of the world, and as monetary tightening occurs in the US while less tightening or even loosening occurs in much of the rest of the world, the value of the dollar will continue to climb higher. The implications of this are profound since a highly indebted global economy may not be able to afford to service its dollar-denominated debt if the dollar rapidly strengthens. If this bull flag pans out, it may inevitably lead to a financial crisis. To learn more, you can watch this video about the Dollar Milkshake Theory : www.youtube.com If you've identified any bull flags with bearish implications please share your chart below! Feel free to leave your thoughts in the comments below, as well. If I've made an error in my analysis leave a note below.
G
by SpyMasterTrades
9
ETH/USDT : S/R zones are important! BINANCE:ETHUSDTPERP BINANCE:ETHUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $ETH has formed, Also it has broken above the resistance zone ($1680 - $1700) Which has become an S/R zone now. The momentum is locally bullish, But $ETH has lost it'ss strength and besides that, $BTC's Dominance is increasing! However, the Bullish flag is a bullish pattern as it's clear just like what it's called. So, If we get the break above the flag, Then We might see another to the $1818's S/R line. But, there can be also a bear trap below the flag to the lower S/R zone to gather more liquidity to hunt! If $ETH loses the support at $1680, Then the deviation below $1640 is likely to happen and in any case of pullback, We'll take Long towards $1760 and $1818 again. The deviation scenario will be valid till $ETH breaks below the lower S/R zone ($1555 - $1570), In that case; I'll start to trade in range bounds again. Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
by Helical_Trades
1