Flag, pennant and triangle
These figures tell us the trend continues.
Flag has even structure, doesn’t contract or widen. It’s just a flat with slight slope against the major trend. The indispensable condition is the availability of a flagpole – a swift and strong movement toward trend and the following stop. At this moment, the market take a short rest and gains new volumes for another dash. You can work either from the bottom level of the flag itself, or when the top one is broken.
Pennant is the same thing as flag, but it contracts with time. Flagpole is also required.
For details, see here >>> pamm-trade.org/techn...with-the-chart/6713/
These figures tell us the trend continues.
Flag has even structure, doesn’t contract or widen. It’s just a flat with slight slope against the major trend. The indispensable condition is the availability of a flagpole – a swift and strong movement toward trend and the following stop. At this moment, the market take a short rest and gains new volumes for another dash. You can work either from the bottom level of the flag itself, or when the top one is broken.
Pennant is the same thing as flag, but it contracts with time. Flagpole is also required.
For details, see here >>> pamm-trade.org/techn...with-the-chart/6713/