Great example of a FLAG PATTERN
This is just a great example of a flag pattern on the 15 minute chart. If you're day trading, then these patterns are essential to making gains.
We had a breakout in BCH Bitcoin Cash and then it pauses to take a breath and consolidate in a pattern that we call a flag or penant pattern.
We can expect a breakout in the direction of the trend, in this case up, and with a target as the same length of the flagpole (the move before the flag pattern)
Entry is within the flag pattern.
Stop is below the flag breakout.
Flags can also breakdown, so you need to honor your stops.
We had a breakout in BCH Bitcoin Cash and then it pauses to take a breath and consolidate in a pattern that we call a flag or penant pattern.
We can expect a breakout in the direction of the trend, in this case up, and with a target as the same length of the flagpole (the move before the flag pattern)
Entry is within the flag pattern.
Stop is below the flag breakout.
Flags can also breakdown, so you need to honor your stops.
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Twitter:
@BerlinTrader591
Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591
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Support me with these referral links:
Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591
Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。