Bear Flag Chart Pattern
Flag & Pennant Chart Patterns typically develop as a continuation pattern, meaning that the trend that was in place before the pattern started to form will continue for the short-term upon a breakout from the pattern.
The same as a bull flag pattern, a bear flag pattern consists of a “pole” and a “flag” also. The difference between the two patterns is while a bull flag resembles an upright pole and flag, a bear flag pattern resembles an upside down pole and flag.
Requirements
Characteristics & Observations
Breakout Area
Trading Strategies
Real Chart Examples
