Bull Flag

The opposite is the bull flag which shows us the likelihood in which an uptrend will continue. The bull flag is identical to the bear flag however everything is reverse. The first thing to look for is the upward or rising flagpole which is the initial uptrend. Next you will need to check for consolidation winch will slope slightly downwards. Thirdly check the retracement and make sure it is no more than 50% otherwise it is most likely not a bull flag. Lastly to confirm if it is a bull flag check to see if there was a upward breakout. Like the bear flag this pattern is tricker as there is not a clear point to get in unless you know other methods like the Fibonacci Retracement which are more complex.

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