#usefulmaterial
📈How to Trade the Bullish Flag:
1️⃣Identify the Uptrend (Flagpole): A strong bullish move forms the base of the pattern.
2️⃣Spot the Bull Flag: A small downward-sloping consolidation forms after the uptrend.
3️⃣Check the Retracement: If the pullback is deeper than 50%, it may not be a flag. Ideal retracement is less than 38% of the trend.
4️⃣Entry Points: Buy at the bottom of the flag OR on the breakout above the upper channel.
5️⃣Set Your Target: Expect the next move to be as long as the flagpole for maximum profit.
💡Pro Tip: Combine with volume and trend confirmation for better accuracy!
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