Sentences with phrase «bull flag»

A bull flag is a term used in stock trading to describe a chart pattern that indicates a brief pause or consolidation in a rising price trend. It looks like a flag on a pole, with the flag portion sloping downwards. This pattern suggests that the price may continue its upward movement after the consolidation period. Full definition
After this move, the price is now currently sitting on the upper trend line of the initial bull flag pattern.
So for the bulls to have any case what so ever, they need to break this pattern of failed bull flags.
Given the recent bull flag breakout, support can now be seen at the 50 and 100 DMAs, tracking between $ 1215 - $ 1230, this is also in proximity to one of the trend lines of the flag pattern.
Double Bottom Bull Flag, a horizontal pattern that contains a DoubleBottom and forming after a possible bottom
Everyone is calling this a pennant, or bull flag only to see the bottom eventually fall out.
The price made an advance for $ 1300 region, before running into resistance and being knocked backed down, within the above - mentioned bull flag.
If the «Bull Flag Pattern» is spotted on the activity chart, it signals an uptrend continuation pattern, and we'll be looking to price to break above the upper trend line.
Bullish scenario: A move above $ 18,149 (yesterday's high) would negate the bearish doji reversal and open doors for a rally to $ 19,697 (Dec. 7 high) and $ 20,000 (bull flag breakout target).
On the same chart, Ciana also points out that a bull flag scenario could be forming, another sign that gold may take a leg higher.
«So I think with gold sitting here at about $ 1,320 or so, you have a great risk reward where you could probably target somewhere in the mid - 1,400 s if a bull flag scenario does in fact follow.»
On the longer - term weekly chart, we clearly see the Nasdaq has been forming a bull flag chart pattern.
While the relative strength line is one of the most reliable technical indicators to predict future price action, the bull flag is definitely one of our favorite bullish chart patterns to identify and profit from.
Notice that the rally off the lows in July created the flag pole part of the bull flag pattern, while the current sideways price action forms the flag.
We expect bullish momentum to carry gold ETFs substantially higher, both in the short term and intermediate - term, but we plan to sell DGP into strength before the first correction occurs, then look to re-enter after it forms a bull flag or a base of price consolidation.
However, since the bull flag pattern did not follow - through to the upside, we maintained a very tight stop on the additional shares, which we closed for a tiny loss of 1.6 % on August 2.
Thereafter, $ TAN appeared to be forming a bull flag chart pattern, which prompted us to add to the position on July 22 (at $ 27.91).
As such, UNG is now on our radar screen for potential re-entry after it either pulls back or forms a bull flag chart pattern.
Below, we have annotated the bull flag chart pattern that we were anticipating to subsequently develop after exiting the trade on October 2:
Since then, UNG has indeed formed a bull flag on its daily chart.
The bull flag is a firm favourite with traders.
In the week that followed, $ CBM pulled back slightly, forming a bull flag chart pattern in the process.
This would form a bull flag chart pattern.
When a stock or ETF is forming a bull flag chart pattern and then gaps down sharply, it has the effect of washing out the «weak hands» who sell a position that the first hint of trouble.
The VEN / BTC change fee witnessed a bull flag breakout this week, suggesting holders of the cryptocurrency will doubtless have a great time within the close to future.
A bull flag formation can be seen on the graph above.
This is healthy price action and has led to the formation of a «bull flag» type pattern on its daily chart.
Specifically, I review the exact entry and exit points of $ AMD (bull flag breakout), $ PLNT (cup & handle), and $ LNN (flat base), exactly as previously detailed for subscribers in The Wagner Daily newsletter.
Bull flag breakouts are momentum - driven, so we typically look for the price action in a bull flag pattern to move sharply higher within just 5 to 10 days of our buy entry.
The bull flag breakout ($ AMD), cup and handle ($ PLNT), and flat base breakout ($ LNN) are three of our most frequently traded chart patterns.
After thrusting off support of the 50 - day moving average on heavier than average volume, $ AMD formed a bull flag continuation pattern.
This time, $ AMD followed through with the bull flag breakout and zoomed over over the next few days.
To confirm a bull flag, we look for declining volume while the flag is being formed near the top of the range.
The daily chart of $ AMD below shows the bull flag pattern that enabled us to list the stock as a Wagner Daily buy setup:
The first potential ETF trade is $ GLD, which has now formed a tight «bull flag» formation over the past four days.
Bull Flag, in particular, shows a strong price hike which reaches its peak and then pulls back in an orderly fashion where the highs and lows are almost parallel to each other.
Bulls flags are violent in the beginning as the bulls cause a breakout and blindside the bears.
Bull Flag Trading Strategy: Bull Flag, in particular, shows a strong price hike which reaches its peak and then pulls back in an orderly fashion where the highs and lows are almost parallel to each other.
Uptrend support being broken is a bearish sign, but the rectangle pattern looks like a bull flag.
The Shanghai Composite ($ ASHR) returned after a short week stuck in a range at the February lows while Emerging Markets ($ EEM) continued to build a bull flag at the highs.
The Shanghai Composite returns after a short week stuck in a range at the February lows while Emerging Markets continue to build a bull flag at the highs.
Perhaps a bull flag, not enough to get bearish at this point.
Note that the trendline can be horizontal when drawn across the lows of a double bottom in a bull flag, for example.
This Bull Flag is creating a great opportunity.
BCH / USD had formed a bull flag pattern on the 1 - hour chart, which it managed to break out of, the moved picked up pace as it went through $ 1230, the above trend line.
So, make sure you know for certain that's a legitimate head n shoulder or bull flag.
a b c d e f g h i j k l m n o p q r s t u v w x y z