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This article will discuss what a bull flag chart pattern tells you, how to read and spot it, and the differences between a bull vs. bear flag chart pattern.
Bear flag appearing on an hourly candlestick chart for EUR/USD. Source: ThinkMarkets.com In this example, the exchange rate initially falls from around the 1.1000 area in a strong down move to the ...
Bullish flag on a GBP/JPY 4-hour chart, Source: TradingView. In this example, you can observe several factors. The first is that despite pulling back to the support level at 142 and below, the ...
As with other chart patterns, flags can sometimes give false signals, so it important to look for confirmation before making an investment decision. Compare Mortgage Lenders.
Bitcoin has hovered just below its record high in recent days as economic data has been encouraging and investor risk ...
What is a bull flag chart pattern and how to spot it? View all comments (0) 0. Many security price forecasters use technical analysis, sometimes referred to as charting.