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BULL AND BEAR FLAGS

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Price will trend up or down before hitting resistance

and starting to consolidate. During the consolidation
phase you want to see volume decline and
preferably stay above/under the .382 depending on
if the trend is up or down (Take a Fibonacci
retracement from start to finish of the Pole).The flag
consolidation period is relatively short in time and
are seen in the middle of a down or uptrend for
continuation. Look for confluence when taking the
entry within the flag, or wait for the flag to break with
a close outside and target a measured move of the
flag pole from the breakout and place SL back
within the flag.
0.382
Measured Height

Bear flag: Price hits bottom on large sell volume

and then you see volume declining as price slowly
increases before increase of a bear volume again

Bull flag: Price hits top on large bull volume and then
you see volume declining as price slowly decreases
0 before increase of a bull volume again.

Consolidation is relatively short (approx. 20-30% of

previous pole move)

Measured Height
BULL AND BEAR FLAGS
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