Here you can see a real market example of a flag forming in bitcoin, usually market follows the previous trend when exiting the flag, so in this case we can say it will continue to the upside. Of course nothing is certain in TA, else we wouldn't be here, 2-3 good trades and you retire to Bahamas! ;)
Comment:
As well said you cannot be 100% certain about the way the flag will break out, here we saw it went to the downside, you can have it as example of exception to the rule!
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Ex-bank prop trader,23+yrs experience trading FX and Fixed income. Semi-retired now trading for the fun. Join our YouTube youtube.com/c/Tradingmarkets
Ex-bank prop trader,23+yrs experience trading FX and Fixed income. Semi-retired now trading for the fun. Join our YouTube youtube.com/c/Tradingmarkets