In the world of technical analysis, a flag pattern is a technical analysis pattern that describes the price movement in a stock or other financial instrument.
The flag pattern consists of a small rise followed by a long period of consolidation or trading range, resulting in a triangular or rectangle shape on the chart. It is considered a continuation pattern, which means that it indicates the direction of the current trend, rather than a reversal pattern, which indicates a change in direction. The flag pattern is typically followed by a continuation of the current trend.
Traders often use the flag pattern to confirm the current trend and make buy or sell decisions accordingly.
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The flag pattern consists of a small rise followed by a long period of consolidation or trading range, resulting in a triangular or rectangle shape on the chart. It is considered a continuation pattern, which means that it indicates the direction of the current trend, rather than a reversal pattern, which indicates a change in direction. The flag pattern is typically followed by a continuation of the current trend.
Traders often use the flag pattern to confirm the current trend and make buy or sell decisions accordingly.
*Your likes and boosts help me so much to grow up my profile so please don't forget to like and follow❤
*If you liked this idea or have any other opinion, write in the comments.✍
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.