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The pole is formed by a line which represents the primary trend in the market. The pattern, which could be bullish or bearish, is seen as the market potentially just taking a "breather" after a big move before continuing its primary trend. [3] [4] The chart below illustrates a bull flag. A bear flag would trend in the opposite direction.
Gold prices are forming a bull flag pattern which is a pause that refreshes higher. Prices were buoyed on Wednesday as the dollar fell against the Euro and US yields temporarily haltered their rise.
A candlestick chart of the Euro against the USD, marked up by a price action trader. A price action trader's analysis may start with classical price action technical analysis, e.g. Edwards and Magee patterns including trend lines, break-outs and pullbacks, [13] which are broken down further and supplemented with extra bar-by-bar analysis, sometimes including volume.
A chart pattern or price pattern is a pattern within a chart when prices are graphed. In stock and commodity markets trading, chart pattern studies play a large role during technical analysis. When data is plotted there is usually a pattern which naturally occurs and repeats over a period. Chart patterns are used as either reversal or ...
The flag formation is a descending channel where the stock price retraces slowly and not by more than 50% the length of the pole. The flag formation is considered to be consolidation before the ...
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Pages in category "Technical analysis" ... Breakout (technical analysis) Bull–bear line; C. ... Flag and pennant patterns; G.
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