Bull Flag Setup
A tight, orderly pullback after a sharp vertical advance. The flag trades sideways or slightly downward on declining volume, then resolves with a breakout that continues the prior uptrend.
⊕ Historical hit rate: 10% reached the target before the stop · avg +2.0% (n=20)
Setup Criteria
- › Sharp 'flagpole' advance of 20%+ in 1–4 weeks
- › Flag retraces no more than 50% of the pole
- › Volume contracts significantly during flag
- › Pattern duration typically 1–4 weeks
- › Parallel upper and lower trendlines on the flag
Entry
Breakout above the upper trendline of the flag on heavy volume.
Stop Loss
Below the lowest bar of the flag.
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Pattern Diagram
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Pattern Info
LegendClassic
Difficulty
Beginner
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