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  1. Dec 24, 2023 · A flag is a technical charting pattern that looks like a flag on a flagpole and suggests a continuation of the current trend.

  2. Aug 2, 2022 · The flag pattern is a continuation formation that can appear during a brief pause in either a bullish or bearish trend. The chart example above shows a bullish flag pattern that formed in the USD/CAD currency pair. These patterns consist of two parallel lines that act as support and resistance during a consolidation phase which resembles the ...

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  3. Jun 27, 2024 · A flag pattern is a chart pattern that signals the continuation of an existing trend after a brief consolidation period. It is characterized by a sharp price movement (the flagpole) followed by a rectangular price range that slopes against the trend. This consolidation phase forms the flag. After this, the price typically breaks out in the ...

  4. The flag pattern is a popular chart pattern used in technical analysis. Traders can enter into a trade when the price breaks above or below the upper or lower flag trend lines. The main step is to look for a sharp price move followed by a consolidation period that forms a flag shape to trade for flag patterns.

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  5. A flag pattern on a chart looks like a sharp price change (a "flagpole") followed by a phase of stabilization in the shape of a rectangle. What is the price target for the flag pattern? When there is a flag pattern, the price goal is the height of the flagpole that runs from the point of breakout. How accurate is the flag pattern? (Success Rate)

  6. Aug 28, 2024 · A flag pattern is a continuation chart formation defined by a strong initial price move followed by a brief consolidation within the pattern’s parallel trendlines. In basic Forex trading terminology, the flag chart formation signals a temporary pause before the price breaks out in the same trend direction.

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  8. The Flag Pole is the first component of the Flag Chart Pattern. It shows a trend impulse on the chart. Any trending move can transition into a flag, meaning that every trend impulse can appear to be a Flag pole. As the Flag pattern emerges, you will see a large impulse move, commonly known as the Flag Pole.

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