2 Comments
  1. Naresh 1 year ago

    Hi,
    The first leg of the bullish flag pattern is characterized by a sharp rally in price in the direction of the current trend(at least 2-3 days sharp rally in the steeper pole) and volume should be high during the breakout day.

    This is an appropriate trade plan for flag pattern:-
    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

  2. Naresh 1 year ago

    Identifying the flag pattern is an easy job if you have the right trading conditions.
    Now is the time to go through the flag chart pattern strategy step-by-step conditions for the bearish flag pattern or Inverted flag pattern
    A bearish flag pattern forms when the price falls sharply, then moves sideways. This sideways movement can be considered as a flag and volume should be low during the sideway movement meanwhile volume should be high during the breakout day.
    Don’t consider a single-day steeper pole.
    The duration of the sideways movement should be 4-7 days.

    Trade Plan for bearish flag pattern-
    Your entry should be just below the breakouts of the consolidation
    Set a stop loss just above the flag formation
    Your target should be based on the height of the flag.

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