#BTCBreaksATH110K
✅Flag
A flag can be used as an entry pattern for the continuation of an established trend.
Typically, the formation occurs after a sharp price movement that may contain gaps (known as the mast or pole of the flag), where the flag represents a period of indecision at the midpoint of the full movement, consolidating the previous stage or leg.
The price is in a small symmetrical triangle that starts wide and ends converging to a point as the pattern develops.
Bullish flags can form after an upward trend and, conversely, bearish flags after a downward trend. The pattern is completed when the price breaks the triangle in the direction of the previous trend, at which point it is likely to continue in that direction.
