THE FLAG
The flag is another continuation pattern that is used to show uptrend price changes and impulsive corrective price actions. Flags result from price fluctuations within a narrow range and mark a consolidation before the previous move resumes. They are typically seen right after a big, quick move. The market then usually takes off again in the same direction.
A Flag (Bullish) is considered a bullish signal, indicating that the current uptrend may continue. Flags usually slope in the opposite direction of the main trend. These patterns are usually preceded by a sharp advance or decline with heavy volume. A Flag (Bearish) is considered a bearish signal, indicating that the current downtrend may continue. Flags may look like an upside-down flag post, in this case, these patterns are called reversed flag patterns. They are frequently observed in an uptrend.
Flag patterns are mostly found in a downtrend and preceded by the breakaway gaps. As mentioned above, flags are reversal continuation patterns, they indicate a slowdown in price movements. The best way to properly use flags is to wait until a triangle is broken out.
HOW TO BE A TRADER?
We invite you to meet Mekness investment world. You can follow the steps below to be an online investor with us.
-
You can fill the free demo account form on the side to open an unreal account and try the market without any risk.
-
You can apply to open a real account to enter the world of investment.
-
After depositing the initial investment you can easily start to trade.
LEGAL: This website is operated by Mekness Limited Registration No: LL18868.
Registered Address: Lot No. 20, Level 1, Lazenda Commercial Centre Phase 3, Jalan OKK Abdullah, 87000 Federal Territory of Labuan, Malaysia
Operational Address: Office No. 106, First Floor, Sheikh Rashid Building, R133, Al Rigga, Dubai UAE Contact: +971 43 88 4268 |
Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss
of your invested capital. Your capital is at risk. Leveraged products may not be suitable for everyone.
Restricted Regions: Mekness does not offer its services to residents of certain jurisdictions such as USA, Canada, Japan, Iran, Cuba, Sudan, Syria and North Korea.