What is a candlestick pattern?

Candlesticks! Candlestick patterns are part of a way to represent market prices : the candlestick charts. The best way to chart candlestick is using the TradingView solution. It lets you chart candlestick and all other charting types and you can try it now for free.

How does a flag pattern work?

As the Flag pattern emerges, you will see a large impulse move, commonly known as the Flag Pole. This is followed by a brief consolidation which takes on the appearance of a Flag. Once the Flag Pole has been formed, a valid Flag pattern begins to trade within a tight range, forming the shape of a flag.

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 is a bullish flag pattern?

The bullish flag pattern is created when price is in a strong trend higher. Price will make a strong move higher creating the pole and then consolidate sideways creating the flag. Whilst the sideways consolidation and formation of the flag will often be angled lower for a bullish flag, it can also be directly sideways in a horizontal shape.