Discover and read the best of Twitter Threads about #HighTightFlagScanner
Most recents (1)
1/11: The High Tight Flag (HTF) pattern, also known as Powerplay, indicates a potential strong upward movement in price after consolidation. It consists of a sharp price surge (pole) followed by a tight consolidation (flag) and breakout. #HighTightFlag #Powerplay 
2/11: Anatomy of HTF:
Flagpole: Unusual surge in price and volume within a short time.
Flag: Consolidation phase with a narrow trading range and lower volume.
Sloping Flag: It may exhibit a slight downward slope.
Duration: Typically lasting weeks to months.
Flagpole: Unusual surge in price and volume within a short time.
Flag: Consolidation phase with a narrow trading range and lower volume.
Sloping Flag: It may exhibit a slight downward slope.
Duration: Typically lasting weeks to months.
3/11: Key Characteristics of HTF:
-Not solely dependent on strong fundamentals.
-Occurs due to special situations or unexplained strength.
-Less influenced by the general market.
-Works with any instrument and time frame.
-High reward-to-risk ratio, daily returns averaging 2-5%.
-Not solely dependent on strong fundamentals.
-Occurs due to special situations or unexplained strength.
-Less influenced by the general market.
-Works with any instrument and time frame.
-High reward-to-risk ratio, daily returns averaging 2-5%.
