1/ Let’s discuss a Breakout Trading Pattern - The Pole & Flag pattern today
It is a continuation pattern.
A thread... 🧵
It is a continuation pattern.
A thread... 🧵
2/ After an up-move, the stock consolidates, or it retraces in the opposite direction of the up-move for sometime and then again resumes the uptrend.
This visual looks like a Pole and Flag.
This visual looks like a Pole and Flag.
3/ In the case of a bearish pole and flag, exactly the reverse case is observed. After a down-move, the stock consolidates, or it retraces in the opposite direction of the down-move for sometime and then again resumes the downtrend.
4/ How do we trade such formations?
When can you enter in this strategy?
What will be your price target?
How can you decide your stop loss level?
All these questions with multiple examples will be covered in today’s video at 9.30 pm on my Youtube channel.
Stay tuned!
When can you enter in this strategy?
What will be your price target?
How can you decide your stop loss level?
All these questions with multiple examples will be covered in today’s video at 9.30 pm on my Youtube channel.
Stay tuned!
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