AUDUSD-Bull Flag
Bull Flag – Bull Flag Pattern
The bull flag pattern is found within an uptrend.
This pattern is named for the resemblance of a flag on a pole.
The bull flag is a continuation pattern which only slightly retraces the advance preceding it.
The technical buy point is when price penetrates the upper trend line of the flag area, ideally on volume expansion.
Bull Flag – Bull Flag Pattern
The bull flag pattern is found within an uptrend.
This pattern is named for the resemblance of a flag on a pole.
The bull flag is a continuation pattern which only slightly retraces the advance preceding it.
The technical buy point is when price penetrates the upper trend line of the flag area, ideally on volume expansion.