📊 Bull Flag
Sharp rally (flagpole) → shallow, downward-sloping consolidation channel → breakout continuation.
📋 Pattern Rules
- Flagpole up at least 3× average bar range.
- Consolidation retrace ≤ 38.2–50% of flagpole.
- Two parallel lines forming a modest downward channel.
- Breakout above flag upper trendline on ↑ volume or momentum.
🎯 Trading Plan
Entry: Buy the breakout candle close above flag top or buy the retest of the broken line.
Stop: Place stop below flag low or below retest low.
Targets:
- TP1 = 0.5 × flagpole added to breakout.
- TP2 = 1.0 × flagpole added to breakout.
📚 Study Points
- A — Flagpole impulse
- B — Shallow pullback (flag)
- C — Breakout & measured move