What are Bullish & Bearish Flag Chart Pattern||How to Trade Bearish and the Bullish Flag Patterns
Bullish Flag Pattern?
When the prices are in an uptrend a bullish flag pattern shows a slow consolidation lower after an aggressive uptrend.
This indicates that there is more buying pressure moving the prices up than down and indicates that the momentum will continue in an uptrend.
Traders wait for the price to break above the resistance of the consolidation after this pattern is formed to enter into the market.
Bearish Flag Pattern?
When the prices are in the downtrend a bearish flag pattern shows a slow consolidation higher after an aggressive downtrend.
This indicates that there is more selling pressure moving the prices down rather than up and indicates that the momentum will continue in a downtrend.
Traders wait for the price to break below the support of the consolidation after this pattern is formed to enter in the short position.
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