👉🏼 Ocean Performing bull flag pattern📍
What is a bull flag?
How to identify a bullish flag on Crypto Charts
🫴🏼 IDENTIFY A BULLISH FLAG ON Crypto Charts
It can be complex identifying a bull flag on a chart because the pattern entails several different components. Traders will need to correctly identify and understand these components to trade this pattern successfully. Key things to look out for when trading the bull flag pattern are:
🫴🏼 Preceding uptrend (flag pole)
Identify downward sloping consolidation (bull flag)
If the retracement becomes deeper than 50%, it may not be a flag pattern.
