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How to Analyze Bull Flag Indices Trading Chart Pattern


The bull flag stock indexes chart pattern is found within a Indices Trading upward trend.


The bull flag stock indexes chart pattern occurs at halfway point of a bullish upward indices trend and after a breakout a similar move equal to the height of the flagpole is expected.


In this bull flag stock indexes chart pattern is a continuation stock indexes chart pattern where the stock indexes trading market retraces slightly, it is therefore a slight retracement with narrow stock indexes price action that has a slight downward tilt.


The technical buy point is when stock indexes price penetrates the upper line of the bull flag stock indexes chart pattern. The flag portion has highs and lows which can be connected by small lines which are parallel, giving it the look of a small channel.


How to Analyze Bull Flag Indices Trading Chart Pattern


How to Analyze Bull Flag Indices Trading Chart Pattern



The bull flag stock indexes chart pattern above was just a resting period as the stock indexes trading market gathered strength to break out and move higher. The bull flag stock indexes chart pattern indices trading continuation stock indices signal was confirmed as the upper line of this flag pattern was broken to the upside.

 

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