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Practical Money Management That Works In Trading Strategy
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Planning for and Protecting Your Child's Financial Future
Teach Your Kids to Ride Safely Into Their Financial Futures
Beating uncertainty by scaling into trends
Chart Pattern Behavioral Analysis

 Chart Pattern Behavioral Analysis

Bull Flag

> Implication – Bullish continuation in an uptrend.

> The trend starts a minor retracement after a big move.

> Bull Pennant is a short-term bullish continuation pattern that marks a small consolidation before a big move resumes. The pattern is usually preceded by a sharp advance with heavy buying demand volume, and usually marks at mid-point (50% of the big pole)of the move. It needs candlestick behavioral confirmation at mid-point of the move.

> Do not entry from the bull flag as profit is not rewarding most of the time.

> By recognizing bull flag they are able to predict future stock prices and profit by this prediction.