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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 ...
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One of the most well-known chart patterns is the flag pattern, which is created by price activity contained within a tiny rectangle or flag shaped channel. Flags, which are short-term continuation ...
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.
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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.