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Flag pattern is where the chart consists of a pole which is followed by a rectangle (3-5 days), at the point of breakout, a long position is created. The volume is supposed to be low at the rectangle. The pole at a steeptrend at 75 – 80 degree is considered a flag.
flag pattern is a accumulation pattern
conditions:
1.it should be a steeper pole around 70° to 80°
2.then the price movement should go in a horizontal line and then if the price breaks and go above level we can create a long position
3.duration of the flag is 3-4 days
Flag pattern is one of the price pattern which can be used for short term trading. It is one of the most effective price patterns. Conditions to qualify as perfect flag are : 1. It should form a steep pole. 2. After the steep pole the price should be moving horizontally for sometime, volume should be low. 3. Then there should be a breakout and price should go up
If the above conditions are satisfied then it is a perfect flag and long position should be created around the break out
Flag pattern is a price pattern and it takes less time to form.
Conditions to qualify:
This should be rectangular shaped sideways movements.
Volume should be increased while giving breakout.
Flag pattern is one of the technical analysis price pattern which can be used for short term trading.
Conditions to qualify a perfect flag are : 1. It should first form a steep pole. 2. After the steep pole the price should be moving horizontally for sometime, volume should be low. 3. Then there should be a breakout and price should go up with good Volume.
If the above conditions are satisfied then it is a perfect flag and long position should be created around the break out
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