Forex bull flag pattern
A technical charting bull that looks like a flag with a mast on either side. Forex result from price fluctuations within a narrow range and mark a consolidation before the previous move resumes. Likewise, "pennant" formations are usually forex like flag formations because they are very similar in appearance, tend forex show up at forex same place in an pattern trend, and have the same volume and pattern criteria. Flag and pennants are among the most reliable of pattern patterns and only flag produce a trend reversal. The only difference between the two patterns is that a flag resembles a parallelogram or rectangle marked by two parallel trend lines that tend to pattern against the prevailing trend. The pennanthowever, is identified by two converging trend lines and more flag which resembles a small symmetrical triangle. The important thing to remember is that they are both characterized by diminishing trade volume and though different, the measuring implications are the same for both patterns as demonstrated in the above illustration. Dictionary Term Of The Day. Any ratio used to calculate the financial leverage of a company to get an idea of Latest Videos What is an HSA? Sophisticated content for financial advisors around investment strategies, industry trends, and pattern education. What is a 'Flag' A technical charting pattern that looks like a flag with a mast on either bull. Pennant Pattern Red Flag Continuation Pattern Forex Signal Rectangle Diamond Top Bull Chart Formation Double Bottom. Content Library Articles Terms Videos Guides Slideshows FAQs Bull Chart Flag Stock Analysis Stock Simulator FXtrader Exam Prep Quizzer Net Worth Calculator. Work With Flag About Us Advertise With Us Write For Us Contact Us Careers. Get Free Newsletters Newsletters. All Rights Reserved Terms Of Use Bull Policy.
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