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Flags Pattern

Flags are a classic trend continuation pattern and they can often be found on the intra-day time frames.

Day traders often rely on flags as tradable events.


Flags look like small rectangles usually tilted against the main trend and mounted on what appears like a flagpole.

The main thing is that flags tend to go against the prevailing trend.

So a bearish flag is often tilted upward, while a bullish flag is often tilted downward as illustrated in the next charts.


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