UNIUSDT - Bullish Flag Formation Signaling A Move Higher

or is it a trap for bulls?

Bullish flag formations are found in stocks with strong uptrends. They are called bull flags because the pattern resembles a flag on a pole. The pole is the result of a vertical rise in a stock and the flag results from a period of consolidation. The flag can be a horizontal rectangle , but is also often angled down away from the prevailing trend. Another variant is called a bullish pennant , in which the consolidation takes the form of a symmetrical triangle. The shape of the flag is not as important as the underlying psychology behind the pattern. Basically, despite a strong vertical rally, the stock refuses to drop appreciably, as bulls snap up any shares they can get. The breakout from a flag often results in a powerful move higher, measuring the length of the prior flag pole. It is important to note that these patterns work the same in reverse and are known as bear flags and pennants . Bull flags have been rare over the last few months of 2008, but they have been beginning to surface in conjunction with the recent market rally.

You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.

Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.

P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Comment: stop loss hit


splendid! 🦐👑
+1 Reply
good day sir! do you have update on gold and eurusd sir? thank u 😊🙏
+1 Reply
Yuriy_Bishko fioloren1245
@fioloren1245, about EUR/USD, yesterday I recorded a video on our YouTube channel
open and watch all updates there

Gold soon
+2 Reply
Looking like this trade is now open to enter? Just later than anticipated with a larger flag?
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out