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Aug 6th, 2022
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How to Finish flag in the Stock Plan

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flag patterns what are they what are they used for how do you trade them do you draw the trend line on the wicks of the candles or on the bodies of the candles do they need to be big flag patterns or tiny flag patterns is there really a way to consistently make money from trading flag patterns hey traders steven here your honest trading coach welcoming you back to another video in todays video were talking all about flag patterns the first question we have to answer what is a flag pattern essentially a flag pattern is a small period of consolidation after a directional move in price in which after the small period of consolidation if we see a breakout to the upside the expectation is that the trend will continue in that specific direction so for a bullish flag pattern we would want to see a directional move out of price then a small period of consolidation like this a breakout like that big green candle and after that big green candle we would have the expectation of the market push

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The bull flag pattern is a continuation chart pattern that facilitates an extension of the uptrend. The price action consolidates within the two parallel trend lines in the opposite direction of the uptrend, before breaking out and continuing the uptrend.
A bull flag pattern is a chart pattern that occurs when a stock is in a strong uptrend. It is called a flag pattern because when you see it on a chart it looks like a flag on a pole and since we are in an uptrend it is considered a bullish flag.
A Flag pattern is a weak pullback of an existing trend, usually shown in a form of small-bodied candles. The best time to trade the flag pattern is after the breakout or during a strong trending market. And to trade a flag pattern you can enter when the market break above the highs with stop loss one ATR below the low.
The Final Flag begins as a continuation pattern, but ends up as trend reversal pattern. ing to Al Brooks, the components of a Final Flag are: Trend. Pullback that is usually mostly horizontal. It can be as brief as a single bar.
0:31 2:40 How to Use Bull Flag Entries and Price Targets - YouTube YouTube Start of suggested clip End of suggested clip The pattern begins when a stocks price rises from a low point to a high point or in other wordsMoreThe pattern begins when a stocks price rises from a low point to a high point or in other words from the bottom of a support area to the top of a resistance area the initial movement represents.
Bull flag and bear flag patterns summed up A flag is considered a continuation pattern in technical analysis. The flagpole represents the trend which precedes the flag The flag highlights a consolidation after a trend. A bull flag suggests that the preceding uptrend will be continued.
Flags are areas of tight consolidation in price action showing a counter-trend move that follows directly after a sharp directional movement in price. The pattern typically consists of between five and twenty price bars. Flag patterns can be either upward trending (bullish flag) or downward trending (bearish flag).
They are called bull flags because the pattern resembles a flag on a pole. The pole is the result of a vertical rise in a stock and the flag results from a period of consolidation. The flag can be a horizontal rectangle but is also often angled down away from the prevailing trend.

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