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RE: Understanding Bull Flag and Bear Flag Patterns in Crypto Trading

in Steem Alliancelast year

Good review, bro, regarding techniques in price action.

but I have my own views on the flag pattern.
My view is related to the market structure: if there is a new low formed, then the market tends to be bearish, and vice versa.

However, the flag pattern will be a good confirmation if there are structural changes, such as the formation of new highs or new lows, that become entry points according to trends and flag patterns.

But there are times when the flag pattern is part of the market structure that deceives retail traders.

Overall, your review is a good discussion for all of us. 🤗

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