A bear flag pattern is a powerful technical setup used by traders to identify potential opportunities in a down-trending market. Recognizing and effectively trading this pattern can be instrumental in ...
In technical analysis, a flag pattern indicates short-term price movements inside a parallelogram coounter to the previous long-term trend. Traditional analysts view flags as potential trend ...
As I mentioned in a recent Charts in Play, flag formations are one of my favorite chart patterns to trade. These triangles generally represent continuation patterns or pauses in a major trend.
Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). In technical analysis, a flag is a price pattern resembling a flag on a flagpole ...
Typically seen after a big move in one direction in a particular financial instrument, flags and pennants represent brief consolidations or pauses in the market before a resumption of the trend in ...
Bitcoin (BTC) price action has painted bearish continuation patterns on its daily chart, which may propel BTC to new lows, according to analysts. Key takeaways: The BTC/USD pair has formed a bear flag ...
The EUR/USD and the USD index are both breaking out of a much commented upon pennant pattern today. The USD is gaining a lot of strength and the breakout looks pretty solid. However are pennant and ...
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