Typically seen after a big move in one direction in a particular financial instrument, flags and pennants represent brief consolidations or pauses in the market before a resumption of the trend in ...

Stock chart patterns such as flags or pennants are not always correct. Most successful traders use chart patterns in addition to other strategies. Chart patterns are evident in hindsight, ...

In technical analysis, a flag pattern indicates short-term price movements inside a parallelogram coounter to the previous long-term trend. Traditional analysts view flags as potential trend ...

Here are the steps to recognising the pattern: First of all, you need to witness a steep and sharp price trend (ideally over 90% gain). Ideally, this price move should be around 45 degrees. Then you ...

It’s important not to confuse bullish pennants with other patterns such as triangles, falling wedges and bullish flags. Unlike triangles, there’s a significant upward move before the pattern Unlike ...

Bitcoin price continued its steady climb to a new all-time high, with several bullish indicators evident across both ...