Patterns are shapes or formations, that gives a signal for taking a trading decision.
Double top – When a script stays in the support zone and hits the lows twice
Double bottom – When a script stays in the support zone and hits the lows twice
Flag Pattern – When the stock price moves steep to form a pole and moves in sideways form flag. Both put together forms a flag pattern.
Triangel pattern – The tops and bottoms forms a wave and gets narrowed down as the weeks moves on forms a triangle pattern.
Hi,
Exit price is also known as target price
I agree with your response of exit is target, but my question is on the flag pattern (before the last question), there is a question of what is target in a flag pattern.
Whether my response to that is correct or not?