【Thursday Special】Could You Find Flag Pattern?
Welcome to Thursday Special!
Whether you are a beginner or an experienced investor, everyone has their own opinions on the stock market trends. How do you make these judgments?
Let's start a series of learning patterns and apply them to individual stock trends.
Can you spot the “flag” in this pic?
Could you guess which stock this is based on the following trend?
What Is a Flag Pattern?
A flag pattern is a price pattern that, in a shorter time frame, moves counter to the prevailing price trend observed in a longer time frame on a price chart. It is named because of the way it reminds the viewer of a flag on a flagpole.
The pattern typically consists of between five and twenty price bars. Flag patterns can be either upward trending (bullish flag) or downward trending (bearish flag). The bottom of the flag should not exceed the midpoint of the flagpole that preceded it.
The essential characteristics of the double bottom pattern are as follows:
The preceding trend
The consolidation channel
The volume pattern
A breakout
A confirmation where price moves in the same direction as the breakout
Image
Image
💭So, today's homework is to find a stock with a flag pattern!
Please take a screenshot and highlight the flag pattern.
For example: $Apple(AAPL)$
🎁Prizes
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Happy Mid Autumn Festival to all my Dear Tiger Friends 😍😍😍🎉🎉🎉
@MillionaireTiger
該模式通常包括五到二十個價位.標誌模式可以是向上趨勢（看漲旗）或下降趨勢（看跌標誌）。旗幟的底部不應超過它前面的旗杆的中點。
Here are my flags...
Gg