What is a flag pattern in trading?

The flag pattern is used to identify the possible continuation of a previous trend from a point at which price has drifted against that same trend. Should the trend resume, the price increase could be rapid, making the timing of a trade advantageous by noticing the flag pattern.

Is the flag pattern a good chart pattern?

The Flag pattern is a great chart pattern that you MUST add to your forex trading arsenal! You must have found yourself in this situation… You waited for a pullback that never came… The market only moved higher without you… I know it sucks! However, you can easily fix this problem. In this article, I will teach you how to trade the Flag pattern.

What does a flag mean on a price chart?

A flag is a price pattern used in technical analysis that, over shorter time frames, moves counter to the prevailing price trend observed across a longer period on a price chart. It is named because of the way it reminds one of a flag atop a flagpole. What does a bull flag look like?

What is a 'low and tight flag' chart pattern?

This is called as 'Low and Tight Flag'. If this is bullish flag, we called it as High and Tight Bullish Flag. This pattern is where you can grow your account largely (with risk-calculated). The size of TP... Triangles, Flags, Pennants. Chart patterns, are becoming one of my favorites points of view in the market.