📈 Bullish Flag Pattern Explained
A Bullish Flag is a continuation pattern that signals the uptrend is likely to continue after a brief pause.
🔹 Structure:
1️⃣ Flagpole – Strong upward price move (impulse).
2️⃣ Flag – Slight downward/sideways consolidation within parallel lines.
3️⃣ Breakout – Price breaks above the flag’s resistance.
📊 How to Trade It:
Entry: On breakout above the flag’s upper boundary.
Stop Loss: Below flag support or recent swing low.
Target: Add the flagpole height to the breakout point.
✅ Why It Works:
Indicates a short-term pause as traders take profits.
Volume often drops during the flag and spikes on breakout.
Reflects strong bullish momentum re-entering the market.
🟢 Ideal for trend-followers seeking high-probability entries with low risk.
