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Today we will talk about Trend continuation patterns 💪🏻

snapshot

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🐂Bull flag🐂

The principle of bullish flag trading, like all technical analysis figures, is the same - a breakout of the control point is required. As soon as a breakdown has occurred, you can immediately post the target. The target in a bull flag will be the height of the pole.

There is one more feature of this figure - the canvas of the flag should be tilted against the main trend.


🐻Bear flag🐻

For the most profitable entry, it is better to enter into a deal with a pending order. As soon as the trade is entered, the take profit is placed at the height of the pole from the breakout point of the pattern.


🐂Bullish pennant🐂

The pattern trading rules are identical to the bull flag trading rules.

🐻Bearish pennant🐻
The trading rules are the same as for the bear flag.


Thanks for Your attention🙏🏻

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Sincerely yours Rocket Bomb🚀💣


Previous EDU post about Reversal-Patterns 👇🏻
<<Reversal Patterns of Technical Analysis>>
Chart PatternsEDUeducationaleducationalpostsrocketbombrocketbombedurocketbombeducationalrocketbombtrading

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