Flag and Pennant patterns

The flag and pennant patterns are commonly found patterns in the price charts of financially traded assets (stocks, bonds, futures, etc.). The patterns are characterized by a clear direction of the price trend, followed by a consolidation and rangebound movement, which is then followed by a resumption of the trend.   Flag pattern The flag pattern is encompassed by two parallel lines. These lines can be either flat … Continue reading Flag and Pennant patterns

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