Im not sure if this is a Flag Pattern or Falling Wedge. The point is that when these patterns occur during a Uptrend , they have a higher probability to break out of the pattern to the upside than they do the downside. The rules of trading this pattern is to watch price action closely and put a limit order outside of the trend line in order to catch the breakout whenever it happens.
Price can move up and down through this range for a long time before a breakout to the upside.
Price can move up and down through this range for a long time before a breakout to the upside.