Rectangular sideways movement after a steeper down pole is seen thus forming a flag.

After the flag negative breakout is seen thus it is considered to be bearish flag.

Volume during the breakout is high.

Time taken for the formation of the flag is less.

1 Comment
  1. MOHAN KUMAR R 5 years ago

    Hi Kavitha,
    The pole duration should not be more than 3 days and also the angle should not be lesser than 75 degrees.

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