Get started

Flagformation

The Flag Chart Pattern ExplainedHello, traders! 👋🏻 If price action had a way of saying, “HOLD MY BEER, I’M NOT DONE YET,”— it would be through a flag pattern. This classic continuation setup is where strong trends take a breather before launching their next move. Whether you're seeing a bullish flag chart pattern or a bearish flag pattern, you’re looking at a market that’s just catching its breath before running again. Let’s break down how this works and what to watch for! What Is a Flag Pattern? A flag pattern forms when the market makes a strong move (called the “flagpole”), then consolidates in a narrow, counter-trend range that looks like a flag. Eventually, the price breaks out in the direction of the original trend. Think of it like a runner sprinting, slowing down to recover, and then taking off again. That pause? That’s your flag. There Are Two Main Types: 🟢 Bull Flag Pattern (Bullish Flag Pattern) It appears after a sharp upward move. The flag part slopes downward or moves sideways. It also might signal a continuation of the bullish trend. This is the kind of setup that gets traders excited — it’s all about momentum. 🔴 Bear Flag Pattern (Bearish Flag Pattern) It appears after a sharp downward move. The flag part slopes upward or consolidates sideways. It also might signal a continuation of the bearish trend. When the market pauses in a falling trend, the bear flag pattern warns that sellers are just regrouping before the next drop. How to Recognize a Flag Chart Pattern Spotting a Flag Trading Pattern Is Fairly Straightforward — Just Look For: ✔ A Strong Price Move (the Flagpole) ✔ A Tight Consolidation That Slopes Opposite the Trend ✔ Lower Volume During Consolidation ✔ A Breakout in the Direction of the Original Trend 📊 Real Example: BTC Flag Pattern in 2024 Take a look at the chart above. From October to March 2024, Bitcoin made a massive upward move from around $40,000 to $72,000+ — this was the flagpole. Then, from March through November 2024, BTC entered a long, downward-sloping consolidation channel, forming the flag itself. Despite the lower highs and lower lows, the pullback was contained within parallel trend lines — a classic setup. Once the price broke above the top of the flag, it kicked off a second leg, surging to a new all-time high above $108,000. That breakout confirmed the bullish flag pattern and rewarded traders who recognized the structure early. This BTC move is a textbook example of how a bull flag chart pattern plays out in real markets — offering clean entry signals and strong momentum if the pattern completes. There are variations, too — like the rising flag pattern, which can appear in both bullish and bearish conditions, depending on the context. Some traders even debate whether a flag pattern is a continuation or a subtle reversal flag pattern — so CONTEXT MATTERS. Final Thoughts: Trust the Flag, Not the Noise The flag chart pattern is a reminder that not every pullback means the trend is over. Sometimes, it’s just the market catching its breath. Whether you’re spotting a bull flag pattern in a crypto rally or a bear flag pattern in a downtrend, learning to trade these setups can possibly add precision to your strategy. So, next time you see a price taking a nap in a narrow channel, ask yourself: Is this a bullish flag chart pattern gearing up for another leg up? Or is it a bearish flag pattern just waiting to drop the floor out? Let the structure tell the story and the trend do the rest. This analysis is performed on historical data, does not relate to current market conditions, is for educational purposes only, and is not a trading recommendation.
Education
by WhiteBIT
6
Stella, is she finally ready?Stella has been in a massive downtrend since it's run in 2021. Looking at the above chart there is a reason to be bullish now and with a massive pricetarget. It has been trading in a bull-flag for years and has recently broken out, AND retested the upper bound of the channel. Target: 3$ (would mean an mcap of 3B, which is doable) Stoploss: 0.035$ (would mean re entry of the channel and invalidates this idea) Will update frequently when asked Rustle
CRYPTO:ALPHAUSDLong
by Rustlingjimmies
2
XRP Next Move !... $4 XRPUSD Ripple Just A Matter Of Time? $€£¥This space seems a bit quite now but if you liked XRPUSD / XRPUSDT at $3 what has changed now? When the hype is around thats the time to be ⚠️ cautious IMO. When there is little attention of the said market thats when 🟢SeekingPips🟢 likes to get to work. ⚠️This time is NO different⚠️ NOT SURE WHERE THE NEXT LOW WILL FORM❓️ ME NEITHER❗️❕️❗️ 🟢 You don't need to know❗️ You just need to HAVE A PLAN ✅️
COINBASE:XRPUSDLong
by seekingpips
Big XRP bullish move formingBYBIT:XRPUSDT has formed a (remarkably equaliteral) triangle flag pattern since breaking out of the parallel channel flag*. Given the previous 25% move upwards (i.e. the flagpole), text book technical analysis theory states that there is another upwards move imminent. This is a good opportunity for a medium term (approx. one month long) bullish swing trade. A few things to note: *The breakout move from the parallel flag channel was a text book move upwards where it moved outside of the channel (breakout move), then returned back to the resistance line of the parallel channel, which became support, and then continued the move upwards. This provided a very good entry opportunity upon the return move once the daily candlestick showed proved that resistance line is a now a line of support (i.e. the candlestick is of a dragonfly shape) - you enter on the dragonfly share confirmation The triangle flag pattern is running out of room. i.e. the move is expected to come soon (this coming week) as the candlesticks are getting smaller and smaller in size, following, broadly speaking, the triangles lines of support and resistance, and there are not many days left until the candlesticks will naturally move out of the triangle. The market psychology behind this is that the buyers who made a profit on the recent flagpole are now selling, with newer, bullish buyers entering the market. The price which the sellers are willing to sell and and buyers willing to purchase at is getting closer and closer, which usually means the continuation of the trend as there are more buyers (in this case) than sellers (i.e. people are willing to buy at a price closer and closer to the sellers ask price and sellers don't have to drop their prices as much to entire people to buy) This is consistent with the optimistic and bullish sentiment for the economy in generally, stock market and crypto since Trump's election victory with Trump having recently announced that he would prefer lower interest rates i.e. The chart formation is showing that there are still more bulls than bears. Risk to this move are that the RSI is overbought (which in this case can be ignored as it has been overbought for a few months and the nature of the indicator is that in a bullish market it remains at an overbought level regularly) and that the crypto market is prone to large gyrations on rumours and even minor US governmental policy announcements.
Long
by slip_stream
2
CAD/CHF: Ready to Break Out? Edge-Forex is Bullish on This One!So, here’s where we’re at: CAD/CHF has been hanging out in this tight box between 0.6230 and 0.6430 for a while, just begging for a breakout. And Edge-Forex is calling it – we’re leaning bullish on this setup. Here’s why. 👀 Top of the Range Pressure 💥 Right now, price is sitting right up against that 0.6430 resistance, and with the way momentum is building, it’s looking ready to pop. If it breaks above, this could be our ticket to a bullish ride up. RSI is Supporting the Move 📊 RSI is up around 65 – not quite overbought, so there’s room to push higher if this breakout takes off. This is a classic bullish sign, especially with price testing resistance at the top of the range. Breakout Targets 🎯 If we see that breakout hold above 0.6430, our first stop is 0.6550. And if things really get rolling, 0.6700 isn’t out of the question. Edge-Forex sees potential for some solid gains here if we can clear this level with strength. How We’re Playing It: Bullish Entry: Jump in on the confirmed breakout above 0.6430. We want to see a solid close above this level – not just a quick fakeout. Protective Stop: Set it below 0.6230. If it dips back down, we don’t want to be caught holding the bag. Target 1: 0.6550 – the initial resistance to aim for. Target 2: 0.6700 if the bulls really take control. 🐂 Edge-Forex is bullish, but we’re watching that 0.6430 level like a hawk. If it clears, this could be a smooth ride up. But if it fakes out, be ready to adjust. Let’s see if CAD/CHF is ready to reward the bulls. 🚀
Long
by RoadToAMillionClub
BITCOIN Weekly line charttells a story of 4 discernible patterns and 4 log targets. 1) The inverse head & shoulders to end the bear market 2) A broadening rising flag .... which at the time, many thought it was head and shoulder's top on the candle chart. 3) A small sideways flag 4) and the current frustrating broadening descending bull flag. Which has cause much grief to participants but will likely gives an explosive quick large moves. As you can see putting the chart can help in identifying trends.. key highs and lows and also gives patterns that may not be visible on a candle chart. Another tool in your toolbox.
INDEX:BTCUSDLong
by BallaJi
SWING IDEA - DISHTVNSE:DISHTV appears to be forming a Flag Pattern on its weekly chart, indicating potential upside momentum. Despite Monday's market downturn, the pattern has demonstrated resilience, maintaining support levels. If the pattern holds, we can anticipate a continuation of the upward trend, targeting Swing High levels. This bullish outlook is further reinforced by the company's recent partnership with SEI ROBOTICS to launch the innovative 'DISH TV SMART+ BOX', integrating TV and OTT capabilities across devices. Key takeaways: - Flag Pattern formation on weekly chart - Strong support levels despite market volatility - Potential upside momentum towards Swing High levels - Positive news catalyst: Partnership with SEI ROBOTICS for SMART+ BOX launch Recommendation: Investors and traders should monitor DISHTV's price action closely, as a breakout above the Flag Pattern's Support levels could trigger a significant move. We maintain a bullish stance, anticipating a potential revisit of Swing High levels in the near term. Disclaimer: This analysis is for informational purposes only and should not be considered as investment advice. Please conduct thorough research and consult with a financial advisor before making any investment decisions.
NSE:DISHTVLong
by thepranam
Binance Coin - We Will See The Bullish Breakout!Binance Coin ( CRYPTO:BNBUSD ) is hugging the previous all time high: Click chart above to see the detailed analysis👆🏻 Binance Coin has been hugging the previous all time high resistance for a couple of months in a row. Therefore it is quite likely that a bullish breakout will happen soon and following the previous pattern entry, Binance Coin could even hit 5 digits during the next crypto bullrun. Levels to watch: $620, 20.000 Keep your long term vision, Philip (BasicTrading)
CRYPTO:BNBUSDLong
by basictradingtv
Gold Outlook Today we have experienced a new over purchase manager index PMI which has shown pretty much data that was the reason gold has moved up and USD has dropped now as the news is over and price is forming a resistance over 2630 physiological level also price is consolidating between 2615 to 2630 level which probably be making a flag pattern which is a bullish continuation pattern now we will wait for break above 2630 and break below 2615 then we will act accordingly Thanks
OANDA:XAUUSDLong
by Wakeel_Saab
NQ Power Range Report with FIB Ext - 8/28/2024 SessionCME_MINI:NQU2024 - PR High: 19645.00 - PR Low: 19575.50 - NZ Spread: 155.5 Key scheduled economic event 10:30 | Crude Oil Inventories Quick inventory grab into liquidity below 19500 - Maintaining week range from 19500 to 20000 Session Open Stats (As of 10:45 PM 8/27) - Weekend Gap: N/A - Session Gap 7/24: -0.32% (open > 19946) - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 377.89 - Volume: 18K - Open Int: 237K - Trend Grade: Bull - From BA ATH: -6.7% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 20954 - Mid: 19814 - Short: 17533 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQU2024
by mv3trader5