Bearish flag

1. Introduction

Bearish Flag is a pattern consisting of two highs and two lows, formed by a minor rise after previous falls. The pattern indicates that the price is likely to break through downward and continue falling.

2. Feature

2.1 The top is getting higher and the bottom is getting higher and higher. The trend line connecting the two tops forms the resistance line for upward breakthrough, and the two bottoms form the support line;

2.2 The resistance line and the support line together form a channel, and the price has recently broken through the support line, forming a downward trend.

3. Example

03380 has a Bearish Flag Pattern on June 18, 2021.