What do bull flag candlesticks look like?

Candlesticks group together over some time to form these patterns. Bull flag candlesticks often look like they can be a part of a larger pattern. For example, you may find them within bullish patterns like the cup and handle pattern or inverse head and shoulders pattern. Not every pattern will look exactly like the textbooks.

What is a bull flag pattern?

As the name itself suggests, a bull flag is a bullish pattern, unlike the bear flag that takes place in the middle of a downtrend. In this blog post we look at what a bull flag pattern is, its key elements, and main strengths and weaknesses. Moreover, we share tips on how to trade a bull flag and make profits. A bullish flag consists of the.

What does a bullish flag look like?

A bullish flag consists of the. As such, it resembles a flag on a pole. It's constituted after the price action trades in a continuous uptrend, making the higher highs and higher lows. A bull flag resembles the letter just like the double top pattern looks like an “M” letter and a double bottom pattern - a letter.

Can a bull flag pattern be used to trade trend reversal?

I have just learnt from this lecture that the bull flag pattern can also used to trade trend reversal as well as rangt breakouts. Before, I only use it to juim into uptrends on GBP/JPY 4hr timeframe. Thank you bunch!