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Bullish Flag

1. Introduction

Bullish Flag is a pattern that consists of two highs and two lows, formed by a slight price correction after previous rises. The pattern indicates that the price is likely to break through upward and continue to rise.


2. Feature

2.1 The top is getting lower and the bottom is getting lower and lower. 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 resistance line, forming an upward trend.

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