• GowthamG posted an update 4 years, 3 months ago

    @naresh should this be considered as a lower drift in the pattern not a flag or can it be considered as a flag

    • 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    • If prices drift below the flag pattern, then the pattern is no longer valid better you should avoid it

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