What is a bullish flag pattern?

The bullish Flag pattern is usually found in assets with a strong uptrend. It is called a flag pattern because it resembles a flag and pole. Pole is the preceding uptrend where the flag represents the consolidation of the uptrend. How does Bullish Flag Pattern? The flag pattern resembles a parallelogram or rectangle marked by...

What is a bull flag pattern?

Bullish flag formations are found in stocks with strong uptrends and are considered good continuation patterns. They are called bull flags because the pattern resembles a flag on a pole. The pole is the result of a vertical rise in a stock and the flag results from a period of consolidation.

What does a bullish flag look like on a price chart?

A bullish flag appears like an upright flag on a price chart, with a rectangular price pattern marking the flag itself. The tighter the flag, the better the signal is said to be. Let's look at some examples of bullish flags appearing on price charts in order to illustrate the concept and how they appear visually.

What is a flag pattern?

A flag pattern, in technical analysis, is a price chart characterized by a sharp countertrend (the flag) succeeding a short-lived trend (the flag pole). A bullish flag appears like an upright flag on a price chart, with a rectangular price pattern marking the flag itself. The tighter the flag, the better the signal is said to be.