PRICE ACTION:
• A steep downwards price action initiates from (1) till finding first resistance (2), creating the flag's pole.
• Price action reverses direction from (2) and forms higher lows and higher highs in a narrow flag formation till it finds the highest support in the formation at point (3).
• The pattern is completed when price action reverse direction from the last touch to the upper flag border and goes downwards till it breaks the lower border at point (4).
• A steep downwards price action initiates from (1) till finding first resistance (2), creating the flag's pole.
• Price action reverses direction from (2) and forms higher lows and higher highs in a narrow flag formation till it finds the highest support in the formation at point (3).
• The pattern is completed when price action reverse direction from the last touch to the upper flag border and goes downwards till it breaks the lower border at point (4).