Nobletrading.com Click Here
      Pitstock.Com Stock Chart Pattern Recognition Under Development... copyright 2001-forever       
Home Products Support Charts Patterns Members
   Patterns >
    Index
    Triangles
    Triangle1
    Triangle2
    Channels
    Channel1
    Flags
    Flag1
    Flag2





tradepro free trial

Patterns > Flags      

Flag Chart Patterns

  • Pattern Type : Bull Flag bullish
  • Expectations : Trend Continuation if the stock price breaks or gaps above the resistance line (top trend line).
  • Description : Stock prices run between two evenly spaced trend lines over a short period. The trend lines slope are normally flat to small down slopes.
  • Pattern Type : Bear Flag bearish
  • Expectations : Trend Continuation if the stock price breaks or gaps below the support line (bottom trend line).
  • Description : Stock prices run between two evenly spaced trend lines over a short period. The trend lines slope are normally flat to small up slopes.
  • Pattern Type : Horizontal Flag bullish
  • Expectations : New Up Trend if the stock price breaks or gaps above the resistance line (top trend line).
  • Description : Stock prices run between two tightly spaced trend lines. The trend lines can be sloping in a pattern like this, but not steeply. This pattern can be called "breaking out from a consolidatiion".
  • Pattern Type : Horizontal Flag bearish
  • Expectations : New Down Trend if the stock price breaks or gaps below the support line (bottom trend line).
  • Description : Stock prices run between two tightly spaced trend lines. The trend lines can be sloping in a pattern like this, but not steeply. This pattern can be called "breaking down from a consolidatiion"
   
    stupid counter If you would like a website like this email: Webmaster@Pitstock.com