Sentences with phrase «bullish flag pattern»
The reason for this in my mind is because, we have seen this bullish flag pattern before.
http://ibankcoin.com/
The shallow, controlled pullback after the big rally of the previous days has created a clear bullish flag pattern.
Not exact matches
It's worth noting that, despite its name, this pattern is only seen as a bullish sign if we see a breakout above the top of the flag (currently near 1180).
The Flag forex pattern is a continuation pattern that is formed just after a bullish or bearish price action trailed by a session of consolidation.
Similarly, the relative strength index on the chart, confirms the bull flag pattern and therefore the price could move into the bullish trendline.
The previous day's bullish outside day candle adds credence to Friday's bullish hammer candle and suggests BCH will likely see an upside break of the bull flag pattern (seen in 1 - hour chart) and move towards the falling channel resistance of $ 1,200.
BCH has created a bull flag, a bullish continuation pattern, meaning an upside break would signal the continuation of the rally from the Friday's low of $ 914.
The chart above shows a «bull flag breakout» — a bullish continuation pattern generally found in uptrends.