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FLAG PATTERN CONDITIONS:
1. STEEPER POLE : 70-85 DEGREES (YES 84 DEGREES PRESENT).
2. DURATION OF THE POLE : LESS THAN 3 DAYS. (YES 1 DAY)
3. RECTANGULAR MOVEMENT FOR 3 TO 7 DAYS. (YES. 4 DAYS)
4. DURING RECTANGULAR MOVEMENT VOLUME SHOULD BE LOW. (YES)
5. BREAK OUT SHOULD HAPPEN IN THE SAME SIDE. (YES)
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| 6 | 7 | 8 | 9 | 10 | 11 | 12 |
| 13 | 14 | 15 | 16 | 17 | 18 | 19 |
| 20 | 21 | 22 | 23 | 24 | 25 | 26 |
| 27 | 28 | 29 | 30 | 31 | ||
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Hi,
Don’t consider single day steeper pole otherwise good.
Yes Naresh sir, it is a mistake. I should have considered pole with more than a day hike.
Really thank you so much for pointing out, otherwise i would have committed same kind of mistake in real trading.