Flag

A flag can be used as an entry pattern for the continuation of an established trend. The formation usually occurs after a strong trending move that can contain gaps (this move is known as the mast or pole of the flag) where the flag represents a relatively short period of indecision. The pattern usually forms at the midpoint of a full swing and consolidates the prior move. Price is contained by 2 parallel trend lines that lie close together and are sloped against the mast.

Bullish flags can form after an uptrend, bearish flags can form after a downtrend. The pattern has completed when price breaks out of the containing trend lines in the direction of the prevailing trend, at which point it will likely continue its course. Conservative traders may look for additional confirmation of the trend continuing. The target can be estimated through the technique of measuring the length of the mast and extending it in the direction of the breakout. A common stop level is just outside the flag on the opposite side of the breakout.
Olu Olu USDJPY, D, Short ,
USDJPY: UsdJpy: Bear Flag Cleared
56 0 6
USDJPY, D Short
UsdJpy: Bear Flag Cleared

Comments on the chart

Apple22 Apple22 GBPAUD, 240,
GBPAUD: GBPAUD H4 Flag pattern
36 0 6
GBPAUD, 240
GBPAUD H4 Flag pattern

Flag pattern on hourly worked charmingly now H4 has 2upperband touch 3 lower band touch. So I will be a buyer somewhere on or near lower band. TP : pole length SL below lower band

ForexTrade ForexTrade DXY, D, Long ,
DXY: DXY
24 0 6
DXY, D Long
DXY

Dollar index is still inside long term pull back from the previous Bull Impulse. Price at the lower channel's line has Flag formation. It can be failure of the Flag and price will start another bullish move or another test of the lower channel's line can appear on the chart. At the moment market is still in the Bears claws, but for next few weeks I expecting some ...

melvinljw melvinljw AUDUSD, D, Long ,
AUDUSD: Long AUDUSD, Bull Flag
28 1 4
AUDUSD, D Long
Long AUDUSD, Bull Flag

Long AUDUSD, Bull Flag with 61.8% retracement of previous upward movement. Expecting to break 0.775 resistance eventually. Long : 0.744 SL : 0.736 TP 1 : 0.7745 TP 2 : Pending Breakout from 0.775

As_Is_Here As_Is_Here XAUUSD, D, Long ,
XAUUSD: GOLD'S RISING TRIANGLE OR BEAR FLAG?
46 0 5
XAUUSD, D Long
GOLD'S RISING TRIANGLE OR BEAR FLAG?

It's been a tricky trading 10 day period for those who they were trading gold.We had a lot of catalysts which we can say up to this point that they haven't moved the safe haven asset of gold as expected. TECHNICALLY Gold validated again the ascending channel and we can see that is well respected also. Gold is currenlty in consolidation mode forming a rising ...

Ometrading Ometrading USDJPY, 60, Long ,
USDJPY: Flag setup-USDJPY
41 0 4
USDJPY, 60 Long
Flag setup-USDJPY

Price has broken the bullish trend creating a flag pattern. We are expecting a few pullback to see a new bearish impulse wich should broke the next maximum level.

LorbeerInv LorbeerInv PRO EURUSD, 240, Short ,
EURUSD: When will the short fall come?
32 0 1
EURUSD, 240 Short
When will the short fall come?

I was waiting for the EURUSD to come this high to build a short position. Many arguments, Elliottwave + Advanced Pattern + Overbought indicate a fall for the next 1 or 2 monthy. However, lookig at the 240M chart, price create a wedge or flag pattern that thends to breakout to the upside. Looking to enter the second part of my short position arond the 1300´s

wh0am1 wh0am1 LTCUSD, 30,
LTCUSD: LTC/USD longy
211 0 6
LTCUSD, 30
LTC/USD longy

We might either visit 24-25 and possibly get head and shoulders again or getting a bull flag there. Watch the fibo time extensions.

drprofit drprofit USDCAD, D, Long ,
USDCAD: USDCAD- POTENTIAL LONG POSITION
37 0 6
USDCAD, D Long
USDCAD- POTENTIAL LONG POSITION

If this daily candle remains bullish looking for longs with formation of a lower timeframe corrective structure. If price breaks below this trendline then look for a retest of the trendline and sell down to the trendline below.

Libeloo24 Libeloo24 PRO EURUSD, 120, Short ,
EURUSD: EUR/USD-Euro-Dollar - Bearish Divergence @ Reversal Levels
383 0 12
EURUSD, 120 Short
EUR/USD-Euro-Dollar - Bearish Divergence @ Reversal Levels

Following up on our previous post and SELL Set-Up on EUR/USD, we would like to ''push the pedal'' on this pair and emphasize that we are having a Bearish view. Let's make a small recap and see where we are located, shall we? Aggressive and Moderate Entries did not hold due to the Complex Expanded Flat Formation in Minute IV (green) and an unexpected Extension in ...

Apple22 Apple22 EURCAD, 15, Short ,
EURCAD: EURCAD M15 Flag pattern
48 0 9
EURCAD, 15 Short
EURCAD M15 Flag pattern

EURCAD M15 Flag pattern

darth.stocks darth.stocks XAUUSD, D, Short ,
XAUUSD: Gold: continuing with my nasty view
139 0 8
XAUUSD, D Short
Gold: continuing with my nasty view

Since Dec we are in Bear Flag uptrend and we are retesting the lower resistance since quite a few days... From traditional Chart School it is reasonable to start a short. But we are finally coming to a decision region from the chart. Either we break upper mid term resistance and confirm that we are in a new Bull run, or the long term uptrend is over... Make or ...

Apple22 Apple22 USDJPY, 60, Short ,
USDJPY: USDJPY Flag Pattern going short
102 0 9
USDJPY, 60 Short
USDJPY Flag Pattern going short

USDJPY Flag Pattern going short

Libeloo24 Libeloo24 PRO EURUSD, 120, Short ,
EURUSD: EUR/USD-Euro/Dollar – NFP vs French Elections
632 6 21
EURUSD, 120 Short
EUR/USD-Euro/Dollar – NFP vs French Elections

EUR/USD-Euro/Dollar has touched our previously predicted and mentioned 1.09800 Levels, as per the posted analysis. Due to Price Action developing recently, we have decided to update the SELL Positions and Levels. EUR/USD-Euro/Dollar is unfolding with Minor C (light blue) which is the last piece of the puzzle for the entire Primary Corrective Cycle (ABCDE ...

nomoneyx nomoneyx XRPUSDT, 120, Long ,
XRPUSDT: XRP Bull Flag
259 0 8
XRPUSDT, 120 Long
XRP Bull Flag

XRP Bull Flag

NeeteshJain NeeteshJain PRO EURINR, D,
EURINR: Educational 07: Flag and Pennant Patterns
213 3 9
EURINR, D
Educational 07: Flag and Pennant Patterns

These are continuation trend pattern that are found frequently in the markets. I wanted to cover it and share it with you as I found some good charts during my research that are forming such patterns. One of them is Aban 2.41% offshore, chart link attested below. (I have also provided some examples given in comments box below for your references and goodself.) ...

Libeloo24 Libeloo24 PRO USOIL, 240, Long ,
USOIL: WTI-CRUDE-OIL - Bullish Intermediate (C) - Short-Medium Term
431 2 14
USOIL, 240 Long
WTI-CRUDE-OIL - Bullish Intermediate (C) - Short-Medium Term

WTI-CRUDE-OIL is completing the Complex Minor WXY (red) Corrective Structure for the Intermediate (B) (light blue). Please see our Long-Term Analysis for a hawk-eye view. Minor Y (red) bounced off the Support at 45-44.00 Levels, which are also 100% Fibonacci Extensions of Minors W &X (red). WTI-CRUDE-OIL is finalizing Minor Y (red) with a 5 Wave Minute Sequence ...

SrengRattana SrengRattana DGBBTC, 60,
DGBBTC: DGBBTC Bearish Flag forming
417 0 5
DGBBTC, 60
DGBBTC Bearish Flag forming

DGBBTC Bearish Flag forming

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