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this is the image of a flag pattern.
the conditions are : there should be a steeper pole around 70-80 degree, it takes two weeks to form this pattern,rectangular price movements should occur,there should be significant volume during break out..
Flag pattern is one of the price pattern.
Pole spot the stepper trend slope 77-80 degree
price patter move expected min 3-7 days
volume should be low during the flag
Breakout on same side is expected
Flag is Visible in Candlestick Pattern. A steeper Pole. Rectangular shape Side way movement. Duration 3-7 days. Volume is expected to Increase during Breakout. Flag Should not Drift lower. Positive Pole flag Should give Positive Breakout
The flag pattern is formed by price action, which is contained within a small rextangle or parallelogram. THis is created when there is a minor profit booking in an uptrend or downtrend.
Conditions:
The stripes board acknowledge the strength of the existing trend
Rectangular clock (side-ways moments) acknowledge the existence trend and the wekness of counter party
The duration of side-size pattern in between 4 to 7 days
The flag should not drift over
The flag should give a small break-out
This pattern can be a subset of ohter pattern above pattern
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