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.
*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.✍
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.✍