Great example of a FLAG PATTERN
This is just a great example of a flag pattern on the 15 minute chart. If you're day trading, then these patterns are essential to making gains.
We had a breakout in BCH Bitcoin Cash and then it pauses to take a breath and consolidate in a pattern that we call a flag or penant pattern.
We can expect a breakout in the direction of the trend, in this case up, and with a target as the same length of the flagpole (the move before the flag pattern)
Entry is within the flag pattern.
Stop is below the flag breakout.
Flags can also breakdown, so you need to honor your stops.
We had a breakout in BCH Bitcoin Cash and then it pauses to take a breath and consolidate in a pattern that we call a flag or penant pattern.
We can expect a breakout in the direction of the trend, in this case up, and with a target as the same length of the flagpole (the move before the flag pattern)
Entry is within the flag pattern.
Stop is below the flag breakout.
Flags can also breakdown, so you need to honor your stops.
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Twitter:
@BerlinTrader591
Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591
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لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
Support me with these referral links:
Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591
Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.