How to Analyze Bull Flag Indices Chart Pattern

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

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

The technical buy point is when stock indices price penetrates the upper line of the bull flag stock indices 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 Chart Pattern

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