Posts Tagged ‘Bearish Flag Chart Pattern’

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Bearish Flag Chart Pattern

The Bearish Flag Chart Pattern is the inversion of the Bullish Flag chart pattern. Its a trend continuation pattern that allows the trader to enter in an existing downtrend. The pattern forms what looks like a rectangle that is gently rising to the right side. The two trendlines form the rectangle and act as support and resistance. Looking at the EUR/USD 15 min chart, after an extensive move to the downside the bears lose strength in the market. The bulls hold the price […]