Flag #Learn&Earn #patterns #trading The flag pattern is a tool to identify entry and exit points in the market. For example, A trader chooses to enter a long position when the price breaks above the resistance level of the flag, or a short position when the price breaks below the support level of the flag.
Pennant pattern #Learn&Earn #pattern Traders can use the pennant pattern as a technical analysis tool to identify potential entry and exit points in the market. For example, the trader chooses to enter a long position when the price breaks above the upper trendline, or a short position when the price breaks below the lower trendline, if they identify a pennant pattern in the trading asset.
Traders should also be aware of the limitations of chart patterns, such as the potential for false or failed breakouts, and adjust their trading strategies accordingly.
BNB formed as reversel head and shoulder pattern for 1 hr candle, if brake out means again start rally for upper side. if not brake means continue to bearish momentum. #BNB🔥 #headandshoulder #brakeout