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THE BULL FLAG PATTERN - an explanatory thread 👇
The #bullflag is one of the best breakout patterns in technical analysis. There are 2 main ways to play the flag. 1. Through the first resistance.
2. Through the top of the flag pole
#tradingpatterns #tradingtips #TRADEPROEdu
The #bullflag is one of the best breakout patterns in technical analysis. There are 2 main ways to play the flag. 1. Through the first resistance.
2. Through the top of the flag pole
#tradingpatterns #tradingtips #TRADEPROEdu
There are 3 typical types of bull flag patterns as shown here.
You always want to consider the break of the prior lower high in the descending and wedging flags.
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You always want to consider the break of the prior lower high in the descending and wedging flags.
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Bull flags can be identified on any time frame, they're great for day trading and swing trading. The blue box is the "lower risk entry for the breakout" The break of the green trendline is the first and higher risk entry.
Contd...
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Swing trade example of $APPS 👇
Contd...
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Swing trade example of $APPS 👇
