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continuationpatterns
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BullishCOURSE ON MASTERY OF GRAPHIC PATTERNS: MODULE 3: CONTINUITY PATTERNS | DAY 13 $龙虾
FLAGS AND PENNANTS: The Trend Gives a Pause
A sharp move, a brief pause, and then the trend resumes. That’s how the trend catches its breath again.
Welcome to Module 3. Now we’ll learn to take advantage of the trend during its pauses. FLAG VS. PENNANT
🟢 THE FLAG: A small, tilted rectangle against the trend. After a sharp move (the pole), the price oscillates sideways in a narrow channel and then breaks out to continue. It looks like a flag on a pole.
🟢 THE PENNANT: A small, symmetrical triangle after the pole. The price concentrates in a narrow point as volatility decreases, and then breaks in the direction of the trend.
It looks like a pennant on a pole. $LSK
Both share the same story: a strong move, a brief consolidation, and then continuation.
They’re among the most reliable patterns. HOW TO TRADE WITH THE THREE LEVELS:
▪️
ENTRY: Enter when the price breaks the flag or pennant in the direction of the pole.
▪️STOP: Place the stop on the other side of the consolidation. A breakout to the inside means failure.
▪️TARGET: Measure the height of the pole and project it from the breakout point.
THE POLE RULE: Consolidation must be brief and shallow. If it retraces too much or lasts too long, the trend may be weakening rather than pausing.
DAY 13 KEY TAKEAWAYS $GRIFFAIN
▶️Both form after a sharp move from the pole.
▶️The flag is a rectangle; the pennant is a triangle.
▶️They signal continuation, not reversal
▶️The target is equal to the height of the pole. Next: Day 14 | Triangles
#StrategicTrading #FlagsAndPennant #ContinuationPattern #chartpatterns #candlestick_patterns
FLAGS AND PENNANTS: The Trend Gives a Pause
A sharp move, a brief pause, and then the trend resumes. That’s how the trend catches its breath again.
Welcome to Module 3. Now we’ll learn to take advantage of the trend during its pauses. FLAG VS. PENNANT
🟢 THE FLAG: A small, tilted rectangle against the trend. After a sharp move (the pole), the price oscillates sideways in a narrow channel and then breaks out to continue. It looks like a flag on a pole.
🟢 THE PENNANT: A small, symmetrical triangle after the pole. The price concentrates in a narrow point as volatility decreases, and then breaks in the direction of the trend.
It looks like a pennant on a pole. $LSK
Both share the same story: a strong move, a brief consolidation, and then continuation.
They’re among the most reliable patterns. HOW TO TRADE WITH THE THREE LEVELS:
▪️
ENTRY: Enter when the price breaks the flag or pennant in the direction of the pole.
▪️STOP: Place the stop on the other side of the consolidation. A breakout to the inside means failure.
▪️TARGET: Measure the height of the pole and project it from the breakout point.
THE POLE RULE: Consolidation must be brief and shallow. If it retraces too much or lasts too long, the trend may be weakening rather than pausing.
DAY 13 KEY TAKEAWAYS $GRIFFAIN
▶️Both form after a sharp move from the pole.
▶️The flag is a rectangle; the pennant is a triangle.
▶️They signal continuation, not reversal
▶️The target is equal to the height of the pole. Next: Day 14 | Triangles
#StrategicTrading #FlagsAndPennant #ContinuationPattern #chartpatterns #candlestick_patterns
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