Viewing 5 posts - 246 through 250 (of 253 total)
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  • #82857
    Aravind S
    Participant
    Rank: Level 3

    <span style=”color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>Flag pattern is considered as favorable pattern for long position ,and is characterized  by steeper pole with rectangular sideways movement  and positive out break with high volume.</span>

    #82865
    Denis
    Participant
    Rank: Level 5

    After the stepper pole Rectangle shape side way movement form, takes lesser time to form may be positive breakout with high volume

    #82913
    Vimal Kumar
    Participant
    Rank: Level 4

    The price pattern looks like a Flag.

    Its should have steep pole (70 to 80 degrees) and then form a rectangular pattern for a while.

    There should be a breakout following the rectangular pattern most probably the same direction of the pole, with the high volume.

     

    Time taken for the pattern – 3 to 7 days

    #83329
    sanjaivasan
    Participant
    Rank: Level 4

    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 a breakout.

    #83341
    Ganesh Ramanan
    Participant
    Rank: Level 5

    Flag pattern looks like a flag with a pole
    steeper pole – slope 75 to 80 degree
    rectangular price movement expected – min 3 to 7 days
    volume should be low during the flag
    long positions can be created

Viewing 5 posts - 246 through 250 (of 253 total)
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