📚#lionish_Education
When trading the bullish flag candlestick pattern, look for a strong price move higher (flagpole) followed by a period of consolidation (flag) characterized by parallel trendlines 📊
📊Traders typically enter long positions when the price breaks above the upper trendline of the flag, anticipating a continuation of the prior uptrend.
It is important to set a stop loss below the lower trendline of the flag to manage risk in case the breakout fails and the price reverses 🪧