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Flags & Pennants Patterns In Forex Trading

Discussion in 'Candlestick Patterns' started by Sam, Oct 24, 2015.

  1. Sam

    Sam Forum Member

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    Flags

    Bull flag in an uptrend-bullish

    Bull flags are characterized by lower highs and lower lows with pattern slanting against the trend. Their trendlines run parallel.

    upload_2015-10-24_17-22-1.png

    upload_2015-10-24_17-22-17.png


    Bear Flag in a down trend – bearish

    Bear flags have higher highs and higher lows and slope against the trend. Their trendlines run parallel. Flags are typically seen right after a big, quick move.

    upload_2015-10-24_17-23-30.png

    upload_2015-10-24_17-23-42.png upload_2015-10-24_17-23-43.png

    Pennants

    Bullish Pennant in an uptrend-bullish

    The bullish pennant looks similar to a symmetrical triangle but is typically smaller in size (volatility) and duration. These are similar to Bullish Flags and have a triangle pattern rather than a "flag pattern"

    upload_2015-10-24_17-24-32.png

    upload_2015-10-24_17-24-47.png


    Bearish Pennant in a downtrend-bearish

    These are similar to Bearish Flags and have a triangle pattern rather than a "flag pattern"

    upload_2015-10-24_17-25-3.png

    upload_2015-10-24_17-25-14.png
     

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