This is one of the most reliable continuation patterns on the chart. We see a clear upward impulse - the flagpole, after which there is consolidation in a downward channel - the flag itself.
After breaking the upper boundary - the perfect moment to enter a buy.
Stop-loss is below the lower boundary of the flag.
Target - profit fixation above the previous maximum.
Use these formations for confident trades!
The chart below is for training and visual understanding. If you see something similar in the market - don't miss out!
⚡️ A trader sees - a trader acts!
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