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Bull Flag

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Bull Flag
In technical analysis, an uptrend followed by roughly even trading on heavy volume. A bull flag is likely to be followed by a further rise and is a signal to buy, especially when the even trading begins to break upward. It derives its name from the fact that it looks roughly like a flagpole when plotted on a graph. See also: Bear flag.
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A Bull Flag can be identified a long green candlestick that resembles a flagpole, and a pennant that is identified by two converging trend lines that form a symmetrical triangle.
Bullish Pennant (Forex Education) by International Business Times - US ed.
During an uptrend we want to see bull flags and pennants, not a grind higher forming a narrowing range.
Gold forms overbought rising wedge at resistance by Chris Vermeulen / Stockhouse
png" alt="" /> A Bull Flag is a continuation pattern that generally occurs after a large run up in price.
Bull Flag (Forex Education) by International Business Times - US ed.
 
 
 
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