Bull Flag

Back

Table of Contents

The Bull Flag

The bull flag pattern is found within an uptrend in a stock where after going up fairly rapidly, a stock consolidates and channels back and forth for awhile. Typically stocks that break out of these stock patterns go soaring.

With Reference to this pattern forming when in a 60min Swing trade (Click here for Rules) we will NOT move stops to pivots until new highs are made, i.e breakout. This particular pattern tends to Fade the PL's and to avoid being whipsawed, we move stops to only on new highs. While the pattern is forming our stops either at previous pivots or 2 bars back.

bullflagdiagram.jpg

Next