The characteristics of price and movement are highlighted in price Patterns. The Different types of Price Patterns are Double Top; Double bottom, Cup Pattern, Flag Pattern and Triangle pattern. It follows Accumulation/Distribution pattern. Though price pattern follows Dow theory , It will give early signal price behavior or price movement.Dow theory will give the Positive or Negative Trend not the price movement and it takes time to communicate.
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Hi,
Your Question 1 :: Entry Exit/Stop loss in Flag pattern
Trade Plan-
Your entry should be just above the breakouts of the consolidation range
Set a stop loss just below the flag formation
Your target should be based on the height of the flag
Thank you Mr. Naresh.