Flagpatterntrade
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,
🚩 Major Bull Flag Setup on $DOGE @elonmusk 🚀Hey traders! I've identified an exciting trading opportunity on CRYPTOCAP:DOGE with a major bull flag formation, and all eyes are on @elonmusk's involvement. Let's dive into the details:
📈 Technical Analysis:
After a strong upward trend, CRYPTOCAP:DOGE has been consolidating within a well-defined bull flag pattern. This bullish continuation pattern typically suggests that the previous uptrend is likely to resume. With @elonmusk's tweets often influencing DOGE's price, his involvement adds another layer of potential volatility to this setup.
📉 Flagpole and Flag:
The flagpole represents the initial sharp rally in price, while the flag is characterized by a downward sloping channel. This consolidation phase allows the market to catch its breath before potentially continuing the upward move. Keep an eye on the flag's support and resistance levels for potential breakouts.
🔍 Key Levels to Watch:
Support: Look for the lower boundary of the flag pattern as a crucial support level.
Resistance: Monitor the upper boundary of the flag pattern, which acts as a significant resistance level.
Breakout: A decisive breakout above the flag's resistance could trigger a strong bullish move.
💡 Trading Strategy:
Consider a long position on a breakout above the flag's resistance, accompanied by a surge in trading volume. Set your stop-loss below the support level to manage risk effectively. As always, stay updated with @elonmusk's tweets, as they can impact DOGE's price and alter the technical landscape.
Remember to conduct your own analysis and risk management before entering any trades.
📢 Disclaimer: This post is for educational purposes only and should not be taken as financial advice.
Let's stay bullish and follow the action on $DOGE! Share your thoughts and join the discussion below.
#TradingView #BullFlagSetup #DOGE #ElonMusk #Cryptocurrency #TechnicalAnalysis #BullishContinuation #FlagPattern
GBPAUD 4Hits looks go to breaking the trend line and its a down of EMA200 guys...
take a short position with confidence(its a joke)______>>>>it is just analyse, nothing is certain
PETRONET : Flag Pattern Breakout#PETRONET : Flag Pattern Breakout
Good Strength & Decent Volume
Take 5-10% and keep trailling
Follow & Like for more Learning and Earning.
🚩 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.
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EURUSD long postion Possibilityhello
as you can see a flag pattern for EURUSD and it has the potential to upward from the point that we showed in the chart
all you need is in the chart
good lock
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GUJGASLTDGujgas made flag n pole pattern on hourly charts & broke above flag pattern with decent volumes, very good risk:reward trade.
Could be bought with mentioned stoploss & target.
⭕Best BUY area for ETHEREUM 💣🔥🔰You can see the Ethereum analysis in the 4-hour time frame(ETHUSDT _ 4H)🔍🧨
According to the upward trend line (black🖤) as well as the price movement in the classic flag pattern(Orange🧡) , the suitable area for buying can be considered in the overlapping area of the upward trend line(🖤) and the bottom line of the flag pattern (🧡) and the DEMAND range, and the target can be predicted as the SUPPLY range🧐❗
Do you think this analysis can be profitable❓❓
I hope the analysis was useful for you🤍🌹
📌Please introduce "TRADER STREET" to your friends 🙏🏻
____________📈TRADER STREET📉_______________
Siyaram Silk : Flag & Pole BreakoutSiyaram Silk : Flag & Pole Breakout
Breakout done yesterday, all crucial levels mentioned on chart
Good strength in stock
⭕️BUY AUDCAD ; its time to buy 💣🔰You see the analysis of the Australian Dollar against the Canadian Dollar in Four hours( AUDCAD , H4)🔎
🔰BUY Limit AUDCAD at 93.500
✅TP ; 95.500
❌SL ; 93.200
🔰As is evident from the picture, the price is moving in an ascending flag pattern, due to the presence of the price in the flag support line (the bullish white line) and the orange support line to which the price has already reacted three times, the purchase in this range seems to be low risk. The target is placed in the flag resistance line (white ascending line) 🧐
⚠️⚠️Please observe capital management and open a low volume transaction❗️❗️
I hope this analysis is useful for you🙏🏻🌹
📌Please introduce the "TRADER STREET" to your friends 🙏🏻
_______________________📈TRADER STREET📉________________________
BTC/USDT ( 4h analysis )✔✔BINANCE:BTCUSDT
* Forming a flag pattern in a 4H timeframe can make bitcoin conditions worse and cause the price to fall further
Flag Pattern Break Out Imminent On Maruti SuzukiFor my first ever TradingView post, here is a trade brought to you for free. As you can see in the image the flag patterns that Maruti Suzuki has been forming at 15 min timeframe. DO NOT CONSIDER IT A CALL. You can analyse for yourself as per the image provided and then put your thought in comment section if I made any errors. (Don't know if TradingView has one). NSE:MARUTI
FLAG = Impulse + Correction - "Learn More Earn More" with usWhat makes the chart interesting today is that:
. GBPAUD challenging the 1.8415 ~ 1.8450 resistance zone.
. Min 450 pips room to run. A break above 1.8450 could push the pair to its 1.8900 previous areas of interest.
. A rejection at the Flag range resistance, however, could lead to another retest of the Flag’s support.
Will the GBP see an upside breakout against the AUD ?
No one knows it! We have to wait and see!
FLAG = Impulse + Correction - "Learn More Earn More" with usWhat makes the chart interesting today is that:
. GBPAUD challenging the 1.8415 ~ 1.8450 resistance zone.
. Min 450 pips room to run. A break above 1.8450 could push the pair to its 1.8900 previous areas of interest.
. A rejection at the Flag range resistance, however, could lead to another retest of the Flag’s support.
Will the GBP see an upside breakout against the AUD ?
No one knows it! We have to wait and see!
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.
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( *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; 👍
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check other tutorials with example linked below;
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