Educational Post:
Bull Flag
A flag pattern is highlighted from a strong directional move, followed by a slow counter trend move. The above chart highlights a bull flag.The strong directional move up is known as the ‘flagpole’, while the slow counter trend move lower is what is referred to as the ‘flag’.Traders of a bull flag might wait for the price to break above the resistance of the consolidation to find long entry into the market.
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