Here’s a great example of a simple “BEAR FLAG” chart pattern ⬇️
•Impulse move down 📉
•Consolidation channel 📈
•Continuation of the trend 📉
*I got caught up in the consolidation of this one as the flag was building! When this happens I usually take my loss and exit the trade ❌
Then I’ll look to re enter my position once the flag actually breaks and the momentum returns! ✅
$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $iShares Russell 2000 ETF(IWM)$
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https://x.com/cs_tradess/status/1818324909015404892
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