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Flag Pattern Simplified📒

🔵Its a continuation price pattern occurs in a middle of an existing trend which looks like the shape of a flag
🔵Flags are areas of tight
consolidation in price for few days before actual BO occurs in a stock

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#StockMarket #Technicals
Flag Pattern Simplified📒

🔵Flag patterns signify trend reversals or breakouts after a period of consolidation
🔵The pattern typically consists of between five and twenty price bars. Flag patterns can be either upward (bullish flag) or downward trending (bearish flag)

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Flag Pattern Simplified📒

🔵The bottom of the flag should not exceed the midpoint of the flagpole that preceded it.
🔵Flag patterns have following components:

1️⃣An Existing trend
2️⃣The Consolidation channel
3️⃣The Volumes
4️⃣A Breakout & its Confirmation

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