Flag Pattern Trading Video: Be Careful How You Trade
Research Performed With TrendSpider
A bull flag is a chart pattern in technical analysis that signals a potential bullish trend in the stock market. This pattern forms after a strong price surge, followed by a period of consolidation and then another upward movement.
While many investing websites recommend traders watch for bull flags as a sign of potential gains, data suggests otherwise. An analysis of 1,028 trades reveals that most bull flags fail at a rate of 55%.
However, the high-tight bull flag stands out with an 85% success rate and is the only flag pattern worth trading.
Did you know TrendSpider can automatically detect chart patterns for you?
Read the full article here: 55% Of Bull Flags Fail. Trade a High Tight Flag’s 85% Win Rate
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