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0_public:chart_pattern:flags [2024/11/08 19:43] – removed - external edit (Unknown date) 127.0.0.10_public:chart_pattern:flags [2024/11/08 19:43] (current) – ↷ Page moved from chart_pattern:flags to 0_public:chart_pattern:flags pointnm
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 +====== Flags ======
  
 +----
 +
 +   * when price retraces for a short time in a tight parallel range
 +   * consolidation looks like a flag
 +   * period of retracement in price
 +   * when price breaks out of the tight consolidation, it will generally move higher, resuming its original trend
 +   * these patterns are usually seen mid-trend and not at tops or bottoms.
 +
 +[[https://www.cmegroup.com/education/courses/technical-analysis/trend-and-continuation-patterns.html|cmegroup.com/trend-and-continuation-patterns]]