Stocks with Bull Flag Pattern
↑ BullishThe Bull Flag pattern forms after a sharp price increase (the flagpole) followed by a brief period of consolidation that slopes slightly downward or sideways (the flag). It signals that the uptrend is likely to continue after the consolidation phase.
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Frequently Asked Questions
What is a Bull Flag pattern?
A Bull Flag consists of a strong upward move (flagpole) followed by a slight downward or sideways consolidation (flag). The breakout from the flag typically continues in the direction of the original move.
How long does a Bull Flag last?
Bull Flags typically last 1-3 weeks on a daily chart. The consolidation phase should be relatively brief compared to the flagpole. Flags that last too long may lose their predictive power.