The bullish flag pattern is a technical analysis chart pattern that indicates a continuation of an uptrend. It forms after a strong price movement upward, followed by a consolidation period that creates a flag-like shape on the chart. This consolidation typically appears as a rectangular or slightly downward-sloping channel. The pattern is completed when the price breaks out above the flag's upper boundary, signaling a continuation of the bullish trend. Traders often use this pattern to identify potential buying opportunities, as the breakout from the flag suggests that the previous uptrend is likely to resume.
#technicalanalysis #tradingtools #tradingstrategy #tradingsecrets #candlestick #supervenetrader #bankniftyintradaytradingstrategy
#how to draw cup and handle in tradingview
supervene trader
コメント