📈How to Trade the Bullish Flag:
1️⃣ Identify the Uptrend (Flagpole): A strong bullish move forms the base of the pattern.
2️⃣ Spot the Bull Flag: A small downward-sloping consolidation forms after the uptrend.
3️⃣ Check the Retracement: If the pullback is deeper than 50%, it may not be a flag.
Ideal retracement is less than 38% of the trend.
4️⃣ Entry Points: Buy at the bottom of the flag OR on the breakout above the upper channel.
5️⃣ Set Your Target: Expect the next move to be as long as the flagpole for maximum profit.
💡 Pro Tip: Combine with volume and trend confirmation for better accuracy!