Pattern Trade - Flag

[Shaker]

it looks like triangle to me...

Yep sorry is a triangle forming at end of flag pole.

 

[brty]

Beware the "perfect" flag, or any other pattern for that matter. I always seemed to have better results with good patterns instead of perfect ones.

The perfect ones always seem to morph into something else after I have put my money on.

brty

 

[Country Lad]

Is it a flag?





or is it a triangle?





or is it a pennant?





Well, if we look at it on a purely technical manner, then it was a pennant because that it the only one which touches 3 points and it has moved from there.

Does it matter? Not really, in an uptrend all are continuation patterns, and all of them are not triggered till a price of 138.

Without doubt, the P&F chart is easier, it either breaks 138 or it doesn't.



Cheers
Country Lad

 

[Shaker]

Nice one CL

Yes you make a good point. If it breaks it breaks. Thanks for the pics

Shaker

 

[tech/a]

Personally

I only see the triangle as being the
most technically correct pattern.

But agree with your comments re "Does it Matter"?

You can have a more aggressive entry (Pre confirmation)
or a more conservative entry (upon Confirmation).

 

[PinguPingu]

Nice high and tight one on API.

 

[stickman]

tls looks set for some solid gains over the coming days ,today has broken out of a flag set up ?