Bullish and bearish flag pattern
"Continuity Patterns"
1️⃣ Bullish flag pattern:
The emergence of such a pattern is preceded by a sharp price movement in the form of an almost straight line, accompanied by a large volume of trading. In the process of formation, volume indicators gradually decrease, often “flags” are formed near the middle of the price movement. As a result, after the breakout, the price must pass the same distance as it did before the formation of this number
2️⃣ Bearish flag pattern:
The emergence of such a pattern is preceded by a sharp price movement in the form of an almost straight line, accompanied by a large volume of trading.
In the process of formation, volume indicators gradually decrease, often “flags” are formed near the middle of the price movement. As a result, after the breakout, the price must pass the same distance as it did before the formation of this number
Target - the place where you want to close an open trade)
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