price pattern refers to ups and down in the market which frames significant diagrammatic presentation. It is not in small term it is in longer basis
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Hi sir,
This will be the appropriate answer for the question What is FLAG pattern? What are the conditions to qualify as perfect FLAG?:
Flag Pattern – Price Pattern – Fight between buyers and sellers
Conditions:
1. Steeper pole should be witnessed
2. There should be sideways movement which should be moved as a rectangular cloth
3. The flag should not drift lower for bullish flag pattern and upper for bearish flag pattern..
4. Bullish Flag Pattern is expected to give the bullish breakout & Bearish Flag Pattern is expected to give the bearish breakout.
5. 10 Days are less Long position can be created if the price goes above the trading area. Short position can be created if the price goes below the trading area.
thank you sir