Nice consecutive 8 days of green candles
Is it going to form a bull flag pattern? Currently, the flag pole is completed, just waiting for the flag ![]()
If it’s indeed going to form that bull flag pattern, it means there will be a pullback next week or so (to create the “flag”), before it goes up further. So the pullback could be a good buying opportunity. But if market turns bearish (for whichever reason), the pullback would be extended.
Not financial advice, do your research too![]()
$Apple (AAPL.US)$
If it’s indeed going to form that bull flag pattern, it means there will be a pullback next week or so (to create the “flag”), before it goes up further. So the pullback could be a good buying opportunity. But if market turns bearish (for whichever reason), the pullback would be extended.
Not financial advice, do your research too
$Apple (AAPL.US)$
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SebTheTraderOuf : Can you please explain your flag system with a picture ? Or screenshot ?
Cow Moo-ney OP SebTheTraderOuf : Here you go
SebTheTraderOuf Cow Moo-ney OP : Wait you mean uptrend is a flag ?
Josh Goughenour Cow Moo-ney OP : I think your spot on there is no way there isn't gonna be some type of pullback then establishment of support I'll be rocking calls in here and tsla and scalping puts along the way
Cow Moo-ney OP SebTheTraderOuf : Bull flag pattern is a bullish trend. But do note that it has not been formed yet (at least on the daily chart), so we will have to see how the market moves this coming week to get confirmation
SebTheTraderOuf : How can you know when it’s formed ? I mean the picture you share above show uptrend bullish market but how do you know when it’s a flag ?
Cow Moo-ney OP SebTheTraderOuf : It’s formed when it fills up the area shaded in yellow (see image below). However, this is only a basic candlestick pattern - one should also look at other indicators to confirm whether it is indeed a bullish / upward trend
ohh2222 : The light before the darkness.
JM investor : waiting for the retracement too to test the previous high. it will be a very bullish signal