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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.