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 at the midpoint of a full (yet to be formed) swing, consolidating the prior move. Price is contained by 2 parallel trend lines that lie close together and are sloped against this prior move.

Bullish flags can form after an uptrend, bearish flags can form after a downtrend. The pattern is complete when price breaks out of the containing trend lines in the direction of the prevailing trend, at which point it will likely continue this course. Conservative traders look for additional confirmation of the trend continuing. The target can be estimated by 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.
chartwatchers chartwatchers PRO XAUUSD, 60, Short ,
XAUUSD: GOLD - Bull flag or Bull trap?
4130 43 69
XAUUSD, 60 Short
GOLD - Bull flag or Bull trap?

We are forming a bull-flag-like formation on the hourly and 4hrs chart. During the last month we had a lot of bull flags which broke to the upside. The pattern we are printing now is bigger than the previous ones. So I'm convinced this is not a bull flag , this is a topping pattern. We just need more and more bulls to chase the price in the hope of breaking above ...

herwhitelillies herwhitelillies USDJPY, 60, Short ,
USDJPY: USDJPY; bull flag target reached
67 4 3
USDJPY, 60 Short
USDJPY; bull flag target reached

Details on chart

Kishore Kishore PRO BPCL, 240, Long ,
32 0 16
BPCL, 240 Long

MARKET ANALYSIS: The pair has broken the flag resistance level. Once the market retest the support zone we can enter a long trade setup. Cheers!

a.b a.b PRO GBPCAD, 60, Long ,
GBPCAD: Bullish breakout
93 0 13
GBPCAD, 60 Long
Bullish breakout

A bullish breakout just occurred on the GBPCAD 60min.

Toni224 Toni224 EURUSD, W, Short ,
EURUSD: A nice bearish flag on EURUSD Weekly
33 1 6
A nice bearish flag on EURUSD Weekly

We have a bearish flag pattern on the weekly time frame. I am looking for shorts around 1.05000 area if the price breaks the trend line. However, if the price fails to break the trend line, the pattern should still be valid on the next short after it makes a new higher high.

PipsMatter PipsMatter GBPUSD, 60, Long ,
GBPUSD: GBPUSD: Bull flag pattern ending soon
75 1 5
GBPUSD, 60 Long
GBPUSD: Bull flag pattern ending soon

There are excellent chances of GBPUSD breaking to the upside in the current move or the next one. GBP has been strong versus most other FX pairs today and is nearing the end, versus the USD, on its Bullish Flag Pattern. I am going to be trading a breakout here, I will not jump into the trade and will wait for clearer sings that the actual breakout has happened ...

hopscotch hopscotch ZWN2017, D, Long ,
ZWN2017: Wheat Turn Around? Cypher?
23 0 5
ZWN2017, D Long
Wheat Turn Around? Cypher?

Wheat RSI has floored. Elliot wave 1-5 complete, and wheat is still trying to sell itself off of a bearish flag. There is an outside chance of this becoming a Shark. More likelihood a Bearish Cypher. If up trend forms, looking at 430'4 and then 444'2. After 452. This could also fall more into extension in which case target numbers may change.

flavisam flavisam AMZN, D,
16 0 5

Has held since FLAG breakout . Await earnings

AcornWealthCorp AcornWealthCorp PRO CAMP, D, Long ,
CAMP: CAMP - Flag formation Long from $18.13 to $19.77
6 0 5
CAMP, D Long
CAMP - Flag formation Long from $18.13 to $19.77

CAMP seems forming a possible flag formation. For breakout confirmation it need to break high of today ($18), and as flag continuation it can go around $19.80 * Trade Criteria * Date First Found- April 24, 2017 Pattern/Why- Flag formation Entry Target Criteria- Break of $18.13 Exit Target Criteria- $19.77 Stop Loss Criteria- $17.43 Please check back for ...

WaveRanger WaveRanger PRO 6702, 240, Long ,
6702: Flag, but wait for dip
16 0 4
6702, 240 Long
Flag, but wait for dip

A bit late to the party, but seems like there is still some good upside.

PhilipSwensen PhilipSwensen PRO ROX, 15, Long ,
10 0 4
ROX, 15 Long
ROX Long

ROX Castle Brands: Look at the amount of insider buying, especially by the CEO Richard J. Lampen: has invested nearly half a million in his own company by purchasing 600k shares at an average price of .94 over the last year. They have the new distribution deal with Walmart, and the acquisition of 80% percent of Goslings Bradl Liquor. Liquor and soda mixes ...

JohnSp JohnSp GBPUSD, D, Long ,
GBPUSD: GBPUSD(daily chart). Double bottom. Trend line break out.
31 0 3
GBPUSD(daily chart). Double bottom. Trend line break out.

Trend line break out. Double bottom. Bull Flag possible. Butterfly possible. Crab possible.

flavisam flavisam FTV, D, Long ,
FTV: Fortive
1 0 3
FTV, D Long

Flag Breakout , earnings 28/4 will decide if bull run continues

sunny sunny USDCAD, 60, Long ,
USDCAD: Possible bull flag setting up
13 0 2
USDCAD, 60 Long
Possible bull flag setting up

Retail sales might not allow this channel to form. CAD volatility is high but consolidation may be necessary before going higher.

Omar87 Omar87 AUDJPY, 240, Short ,
10 0 2
AUDJPY, 240 Short

Bearish flag on AUDJPY

BitterSweetMarkets BitterSweetMarkets PRO RUT, W, Long ,
RUT: Russell 2000 Weekly bull flag..
11 0 3
RUT, W Long
Russell 2000 Weekly bull flag..

Looking for any weakness to go long..Entry level at 1370 with a first target at 1412 and a second target at 1440.

RizkiRosadi RizkiRosadi GBPUSD, 60,
GBPUSD: GBPUSD H1 Bullish Flag
44 0 2
GBPUSD H1 Bullish Flag

Bullish Flag in GBPUSD waiting for confirmation breakout in 1.28266. SL in 1.27355 TP in 1.29566

alexrich700 alexrich700 NADL, 15, Long ,
NADL: NADL Bull Flag
28 0 4
NADL, 15 Long
NADL Bull Flag

NADL has been forming a bull flag on the 20th and 21st after a contract win the 11th boosted it to new highs. Looking to enter after 1 minute green candle breaks above profit target will be 3.24 and SL at 2.49

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