📈 What is a Bullish Flag pattern? And how do you trade it?
The bullish pattern is one of the most famous continuation models in technical analysis 🚀
It appears after a strong upward movement (we call it "the pole"), followed by a small downward correction in the form of an inclined or horizontal channel (resembling a "flag").
🔍 Why is it important?
Because it indicates the likelihood of the price continuing to rise after a short pause.
🔹 How do you trade it?
1️⃣ Watch for the formation of the "flag" after a strong rise.
2️⃣ Wait for a breakout of the upper line of the channel with a strong candle (Breakout).
3️⃣ Place a buy order immediately after the breakout 📤
4️⃣ Set your stop loss below the "flag" channel 🛑
5️⃣ Target = approximately the same length as the previous "pole" 🎯
⚠️ Do not enter before confirmation, and be cautious of false signals (Fake Breakouts)
