🏴 Bullish & Bearish Flags!
Bullish and bearish flags are short-term continuation patterns. These patterns resemble a flag on a flagpole, which explains their name.
❓ What kinds of flags are there?
📈 Bullish flag: pullback down after a sharp rise.
📉 Bearish flag: pullback up after a sharp drop.
🔎 How to spot:
Parallel lines, shallow retrace (often 1/3–1/2 of the pole), contracting momentum/volume inside the flag, then expansion on the break.
🪙 How to trade:
✅ Entry: on a break & close outside the flag (or bounce off the flag in trend direction for aggressive entries).
❌ Stop: beyond the opposite side of the flag / last swing.
🎯 Target: measured move, project the flagpole height from the breakout (take partials at 1×, trail the rest).
✍️ Pro tips:
1️⃣ Trade with the trend and look for confluence (levels/MA/Volumes).
2️⃣ Avoid major news releases ⚠️ (flags often fail on events).
3️⃣ Cleaner on higher timeframes; intraday needs stricter risk control.