Interpretation of Forex Flag This pattern confirms the trend movement direction in case of breaking through: a sell signal arise if the pattern is formed in a downtrend and the price falls below the support line (plus certain deviation is possible); a buy signal arise if the pattern is ...
The bullish flag pattern is created when price is in a strong trend higher. Price will make a strong move higher creating the pole and then consolidate sideways creating the flag. Whilst the sideways consolidation and formation of the flag will often be angled lower for a bullish flag, it ca...
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