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Hello friends! Let's keep learning?๐
Today we will talk about Trend continuation patterns ๐ช๐ป
LET"S GOOO๐ฑโ๐๐ฑโ๐๐ฑโ๐
๐Bull flag๐
The principle of bullish flag trading, like all technical analysis figures, is the same - a breakout of the control point is required. As soon as a breakdown has occurred, you can immediately post the target. The target in a bull flag will be the height of the pole.
There is one more feature of this figure - the canvas of the flag should be tilted against the main trend.
๐ปBear flag๐ป
For the most profitable entry, it is better to enter into a deal with a pending order. As soon as the trade is entered, the take profit is placed at the height of the pole from the breakout point of the pattern.
๐Bullish pennant๐
The pattern trading rules are identical to the bull flag trading rules.
๐ปBearish pennant๐ป
The trading rules are the same as for the bear flag.
Thanks for Your attention๐๐ป
Stay in touch๐งก
Sincerely yours Rocket Bomb๐๐ฃ
Previous EDU post about Reversal-Patterns ๐๐ป
Today we will talk about Trend continuation patterns ๐ช๐ป
LET"S GOOO๐ฑโ๐๐ฑโ๐๐ฑโ๐
๐Bull flag๐
The principle of bullish flag trading, like all technical analysis figures, is the same - a breakout of the control point is required. As soon as a breakdown has occurred, you can immediately post the target. The target in a bull flag will be the height of the pole.
There is one more feature of this figure - the canvas of the flag should be tilted against the main trend.
๐ปBear flag๐ป
For the most profitable entry, it is better to enter into a deal with a pending order. As soon as the trade is entered, the take profit is placed at the height of the pole from the breakout point of the pattern.
๐Bullish pennant๐
The pattern trading rules are identical to the bull flag trading rules.
๐ปBearish pennant๐ป
The trading rules are the same as for the bear flag.
Thanks for Your attention๐๐ป
Stay in touch๐งก
Sincerely yours Rocket Bomb๐๐ฃ
Previous EDU post about Reversal-Patterns ๐๐ป
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