The flag formation is a reliable chart pattern that provides two vital signals: direction and price objective. This formation consists of a brief consolidation period within a solid and steep upward trend or downward trend. The consolidation itself tends to be sloped in the opposite direction from the slope of the original trend, or simply flat. 

There are many different patterns that traders follow to help time entries and exits. Flag means? You understand flag, same like cloth piece and a po...


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