Bitcoin Divisa
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✅Flag
A flag can be used as an entry pattern for the continuation of an established trend.
Typically, the formation occurs after a sharp price movement that may contain gaps (known as the mast or pole of the flag), where the flag represents a period of indecision at the midpoint of the complete movement, consolidating the prior stage or leg.
The price is found in a small symmetrical triangle that starts wide and ends converging at a point as the pattern develops.
Bullish flags can form after an upward trend and, conversely, bearish flags after a downward trend. The pattern is completed when the price breaks the triangle in the direction of the previous trend, at which point it is likely to continue in that direction.
A flag can be used as an entry pattern for the continuation of an established trend.
Typically, the formation occurs after a sharp price movement that may contain gaps (known as the mast or pole of the flag), where the flag represents a period of indecision at the midpoint of the complete movement, consolidating the prior stage or leg.
The price is found in a small symmetrical triangle that starts wide and ends converging at a point as the pattern develops.
Bullish flags can form after an upward trend and, conversely, bearish flags after a downward trend. The pattern is completed when the price breaks the triangle in the direction of the previous trend, at which point it is likely to continue in that direction.
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