📘 Chart Pattern Lesson 6: Bullish Flag 🚩
One of the cleanest continuation setups in trading 📈
Often spotted in trending coins like $BTC, $ETH, and $FLOKI when momentum kicks in hard.
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🔍 What Is It?
The Bullish Flag shows up after a strong upward move.
Price then pulls back slightly inside a narrow, downward-sloping flag shape.
Once bulls step back in, price breaks out upward, continuing the previous trend. 🚀
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📊 Key Features:
Flagpole: Sharp impulsive move up
Flag: Small downward pullback (mini channel or rectangle)
Breakout: Upward breakout from the flag
Volume: High on flagpole ➜ low in flag ➜ spike on breakout 🔥
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🎯 How Traders Use It:
Entry: On breakout above the flag
Stop Loss: Below the flag’s low
Target: Add flagpole height above the breakout zone 🎯
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✅ Quick Tips:
Works best in strong uptrends like BTC, ETH...
Look for tight flags for stronger breakouts
Volume confirmation adds strength to the setup 📊
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📌 Summary:
The Bullish Flag is a go-to pattern for catching trend continuation after short pullbacks.
If coins like $FLOKI are breaking out of a flag — don’t blink! You might miss the move 💥
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