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Flagpatternsignal

CARDANO|The start of a new bullish waveHello friends, I hope you are doing well. You can see the popular Cardano currency in the 4-hour time frame. Now it would be a good place for us to have an analysis of this currency. In the daily time frame, it had an eroding downward trend in the form of a descending channel, which has now broken this channel upwards. In fact, it is also considered a flag pattern. In the 4-hour time frame, a descending channel has broken upwards, and an important supply area that has prevented price growth twice has also broken upwards. This is a sign of aggressiveness and significant upward movement. Bitcoin is very bullish and Cardano shows signs of further growth. Look for opportunities to enter buy positions in the demand areas drawn on the chart. The short-term targets are 0.61 and 0.64 , and the long-term target is 0.83.
Long
by Golden_Star1994
DXY Bull Flag SetupHi Traders! There is a bull flag pattern developed on the DXY 4H chart. Here are the details: The price action looks bullish, and the market looks like it is about to complete the consolidation phase in the flag's channel as the flag pattern is in its late stages. The market is still above the 20 EMA, which is a bullish signal. As long as the market remains above the EMA and flag channel support, our view will remain bullish. Preferred Direction: Buy Resistance (FLAG CHANNEL): 104.669 Support (FLAG CHANNEL): 103.808 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
TVC:DXYLong
by BluetonaFX
2
Bearish and Bullish Flag Chart PatternsFlag 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 Pattern are: 1. The preceding trend 2. The consolidation channel 3. The volume pattern 4. A breakout 5. A confirmation occurs when the price moves in the same direction as the breakout. How to identify the Flag Pattern: The most important part of the flag pattern is to identify a strong trend (in either direction, as the flag may be inverted, triggering a bearish move!). Take a look at the higher time frames when you find a flag pole to ensure the price is not simply ranging. It could be meeting a large area of resistance! Bullish Flag Pattern: When the prices are in an uptrend, a bullish flag pattern shows a slow consolidation lower after an aggressive uptrend. This indicates that there is more buying pressure moving the prices up than down and indicates that the momentum will continue in an uptrend. Traders wait for the price to break above the resistance of the consolidation after this pattern is formed to enter a long position. The breakout indicates that the prior uptrend will continue. Example of a Bullish Flag Pattern: Bearish Flag Pattern: When the prices are in a downtrend, a bearish flag pattern shows a slow consolidation higher after an aggressive downtrend. This indicates that there is more selling pressure moving the prices down than up and indicates that the momentum will continue in a downtrend. Traders wait for the price to break below the support of the consolidation after this pattern is formed to enter a short position. Example of a Bearish Flag Pattern: Conclusion: A flag pattern is a type of chart continuation pattern that shows candlesticks contained in a small parallelogram. When the prices are in an uptrend, a bullish pattern shows a slow consolidation lower after an aggressive uptrend. When the prices are in a downtrend, a bearish pattern shows a slow consolidation higher after an aggressive downtrend. It is formed when there is an increase in demand or supply that causes the prices to move up or down. May you all be PROFITABLE,
FX_IDC:XAUUSDEducation
by AmirHonardoust
4
GOLD: bearish pattern created Hey guys, last week I was bullish on gold, but after the recent PA I changed my bias to short. -First, the price formed the so-called "Bearish Flag" formation, this is a pattern that is a trend continuation and the TP is the duplication from the initial leg. -Second, looking at the DXY I am more for a strong dollar for the near future judging by the recent candles and the strength of the momentum. I won't be rushing to enter a position because gold and DXY are at a very indecisive point right now, so I will wait for a good correction that will at least give me a good RR
OANDA:XAUUSDShort
by JivkoXristov
🚩 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
eicher all time higheicher has been at all-time high it has given a weekly breakout and if it closes above 3348 this month then a monthly breakout we fear that all-time high stock can turn down first. but mostly this is a wrong assumption all-time high stocks are momentum and the strong break-out stock we should be in these stocks if fear is there of losing then betting a small amount on how these stocks react can give good practical learning. now important eicher has given flag monthly break out and box break out at 3018 box breakout minimum target of 3769 but usually its gets doubled in bull run so target is 4504 flag breakout target 4839
NSE:EICHERMOTLong
by satyam15
USDJPY sell!Price is currently trading inside what appears to be a bearish flag pattern . i expect the price to go up till the upper limit of the pattern and then continue the downward movement all the way till 131.4 ( the next major support level ) . In an event where price manages to break the 131.4 support to downside , we would potentially be looking at a change in the direction of the trend to downside . For now , my next Target is 131.4 after the flag pattern is finished forming !
Short
by UnknownUnicorn44957284
3
EUR/USD for long We have some obvious bullish signs here. First of all, if we look at the daily chart, we can see that we have a bullish flag pattern that suggests a move to the upside. So, to trade with a high probability of success, it is better to wait for a breakout on a daily basis (to avoid false intraday signals). That's what we got. Now the question is where to enter the position, if you haven't already. Well, I would look for any nearest retracement. Last week brought some fundamental changes as the Fed is more likely to slow rate hikes to delay the INEVITABLE RECESSION (which is technically already here). But OK. This can be some relief in eur (although the situation in the EU is even worse, but here we are LOL). Of course, if you entered a long position, don't be greedy and use some achievable targets, such as the AB CD 1.0 target from the daily chart. Keep in mind that anything can happen, and we could see bears enter the market at any moment, but that's why we use stop losses.
Long
by merjemascerija
When a Symmetrical Triangle Pattern Fails, What to DoDon't mind the audio quality & the background noise I didn't plan this just decided to share. One of the ways I figure out why a pattern fails and while my stop loss hit I fix it and make sure I recover it and even more sometime. Yea I know its not good to have that mentality of "I must recover, I can't take a loss" but as a professional you can fix it right on spot and that is why I'm sharing this for the beginners and even professional that do not know about this. As you can see on the chart the 1st symmetrical pattern was forming so I thought this is it but unfortunately after the so called breakout (which I thought) it didn't succeed I took some loss the when I saw a potential Flag Pattern forming I thought yes, this is my chance, it's happening, I would take a long immediately after breakout but again I was wrong, the 2nd lager Symmetrical Triangle is forming so when I finally figured it out I knew where exactly the next move and I took it. I recovered from the first loss and made extra, cool.
by DewyCandles
Market Unpredictability This is a perfect example of the market sometimes not going your way. I shorted on the first bearish flag thinking of course that this is one of the strongest indicators of market direction and I got burned (lost a little money). My mistake: Not looking for other signals. In this case the 20ema crossed over 50ema sending the price up. Sometimes you have to look at more than 1 indicator or pattern, this isn't always the case but it is better to have 2 signals than one. The second time both the indicator and chart pattern aligned perfectly together and as a result the market dropped as expected. I want to be clear that you should never jump back in so fast in a trade, personally after a loosing trade I step back for a day or two or trade another pair. But in this case the analysis was strong and it led me to some profits. The market is always going to do what it wants, all we can do is analyze, prepare our risk management and execute.
by Tradingday22
4