How to Spot the Bull Flag Continuation Pattern 🏯 Video
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Bull Flag Chart Pattern. http://www.financial-spread-betting.com/course/flag-and-pennant.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! The flag is basically a rectangle, with two parallel trendlines. In the example above the trendlines are defined by three peaks and three low points. It is said that the “flag is flying at half mast”, with the sharp increase in price looking like the flagpole. This implies that the continuation signal will be followed by a price move similar in size to the prior one.
Trading Tip – best traded when tightly built. Flags that form just after a significant trading range breakout can signal the start of major moves or trends.
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