Hi,
The flag formation usually takes place when the stock posts a sustained rally with almost a steep increase in stock prices at least 2-3 days so, don’t consider a single day steeper pole.
And about the flag part,inside the circle, it seems to drift down a little bit, is it a factor which disqualifies it from being a flag (assuming that it had a correct pole)
and also, is the pole steep enough or should it be steeper
Hi,
The flag formation usually takes place when the stock posts a sustained rally with almost a steep increase in stock prices at least 2-3 days so, don’t consider a single day steeper pole.
And about the flag part,inside the circle, it seems to drift down a little bit, is it a factor which disqualifies it from being a flag (assuming that it had a correct pole)
If prices drift below the flag pattern, then the pattern is no longer valid better you should avoid it