Flags form when the market retraces during trending conditions and are used as trend continuation patterns.
The counter trend movement creates a small channel, when price breaks the channel in the direction of the trend, the continuation trade is triggered.
The counter trend movement creates a small channel, when price breaks the channel in the direction of the trend, the continuation trade is triggered.
Note
Price Went in our favour before a pull back
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.