What's new

Flags and Pennants are short-term continuation patterns

tavi

New Member
Sharp Move: To be considered a continuation pattern, there should be evidence of a prior trend. Flags and pennants require evidence of a sharp advance or decline on heavy volume. These moves usually occur on heavy volume and can contain gaps. This move usually represents the first leg of a significant advance or decline and the flag/pennant is merely a pause.
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Thread starter Similar threads Forum Replies Date
S Forex News Flags and Pennants Complaints and Suggestions 4
B The best trading strategy to trade by the flags General Discussions 5
G Strategy Volume Flag and Pennants Trading Forex Trading Strategy Trading Systems and Strategies 2
T Long-term and Short-term Setups Forex Indicators and Tools 18
L Moving Averages in Trading - Long Term and Short Term Moving Averages Forex Education 2
Ayman Nadir Report U.S. small business rescue falls short on several counts: watchdog Trading Systems and Strategies 0
E Scalping is a profitable short term strategy General Discussions 12
D 200 Short Trading Psychology Truths Forex Education 0
F Who master price action on short frame time 5M or 15 M Forex Education 2
A Our last article of short stories became so popular Trading Systems and Strategies 0
A Suggestion Good for short term investing book Forex Education 2
M a short but detailed guide to trading using Heikin-Ashi charting technique, by Dan Valcu Forex Education 1
L A good indicator for short-term traders Forex Expert Advisors and Automated Trading 1
haihoang Scalping System (Short-term) Trading Systems and Strategies 20
J looking for good managed accounts that can give goos results in the short term Forex Expert Advisors and Automated Trading 0
M General Short Selling. General Discussions 0
E There's No Short Cut General Discussions 0
A GBP/USD - Possible short General Discussions 6
P Forex News EUR/USD: Revising Our EUR Yield Forecasts; EUR/USD Dips To Remain Shallow & Short-Lived -... Interactive Forex Trading 0
P Forex News EUR/USD: USD Prone To Further Short Squeeze N-Term; Further EUR Dips A Buy - Credit Agricole Interactive Forex Trading 0
P Forex News EUR/USD: Caution Chasing Longs Here; USD/JPY; Staying Short - TD Interactive Forex Trading 0
P Forex News USD/CAD: Better Levels To Fade?; USD/JPY: Staying Short - TD Interactive Forex Trading 0
P Forex News USD/CAD: Scope For A More Hawkish BoC This Week; Staying Short - Credit Agricole Interactive Forex Trading 0
P Forex News USD/CAD: Staying Short Into BoC; Key Levels To Watch - TD Interactive Forex Trading 0
P Forex News USD/CAD: Break Of 1.2675 To Confirm Downside Remains Intact; Staying Short - TD Interactive Forex Trading 0
P Forex News USD/CAD: Tactically Bullish CAD; Staying Short USD/CAD - Credit Agricole Interactive Forex Trading 0
P Forex News EUR/USD: Happy To Buy Dips Into 1.17; USD/JPY: Holding Our Short Call - TD Interactive Forex Trading 0
P Forex News EUR/USD: Consider Going Short On A Bounce Into 1.1850 - Nordea Interactive Forex Trading 0
P Forex News USD/JPY: The Signal From JPY And Equities Link Favors Downside; Staying Short - TD Interactive Forex Trading 0
P Forex News USD/CAD: Momentum Model Favors Downside Amid Tech Breaks; Staying Short - TD Interactive Forex Trading 0
P Forex News USD/CAD: Vulnerable On Valuation & Positioning; Staying Short - TD Interactive Forex Trading 0
P Forex News GBP/USD: Plenty Of Scope For Rebuilding Short Exposure: Where To Target? - BNPP Interactive Forex Trading 0
P Forex News EUR/USD: October's Right Shoulder Breakdown Targets 1.1320; Staying Short - BofAML Interactive Forex Trading 0
P Forex News USD/JPY: Fade Rallies Into 113; We Stay Short - TD Interactive Forex Trading 0
P Forex News USD/JPY: Signs Of A Limited Short-Term Pullback: Levels & Targets - SocGen Interactive Forex Trading 0
P Forex News GBP: What Markets Will Focus On In The Short To Medium Term? Where To Target? - Nomura Interactive Forex Trading 0
P Forex News IMM Report: Specs Narrowed USD Short, Remains Bullish On Commodity FX Interactive Forex Trading 0
P Forex News EUR/USD: 3 Technical Bearish Signals Support Short Trade - BofAML Interactive Forex Trading 0
P Forex News USD: Market Pricing For Fed Now Proving Wrong; Staying Short EUR/USD - BofAML Interactive Forex Trading 0
P Forex News Long USD/JPY Or CAD/JPY Ahead Of FOMC; Any Brave Man Short GBP/USD Here? - SocGen Interactive Forex Trading 0
P Forex News CAD: USD/CAD Still Has Room To The Bottom; Short AUD/CAD Attractive - SocGen Interactive Forex Trading 0
P Forex News EUR/USD: FOMC To Cap Upside Next Week But Dips To Remain Shallow & Short-Lived Danske Interactive Forex Trading 0
P Forex News EUR/USD: 1.20 Remains A Realistic Short-Term Target - BTMU Interactive Forex Trading 0
P Forex News GBP: Sterling Easier Short Than Euro N-Term; What's The Trade? - SocGen Interactive Forex Trading 0
P Forex News IMM Report: Investors Added To Bearish USD Bet & Bullish EUR Bet, Extended Short JPY Covering Interactive Forex Trading 0
P Forex News GBP: Investors Looking To Long EUR Switching Out Of short USDs Into Short GBP - Nomura Interactive Forex Trading 0
P Forex News USD/CAD: Where To Target Ongoing Positioning Squeeze In The Very Short-Term - TD Interactive Forex Trading 0
P Forex News USD: After A Short Squeeze; Where To From Here? - Credit Agricole Interactive Forex Trading 0
P Forex News USD/CAD: Where To Consider A Fresh Short On A Bounce? - TD Interactive Forex Trading 0
P Forex News Week Ahead: Profit-Taking On EUR Longs After ECB; Short JPY Into BoJ Interactive Forex Trading 0
Similar threads


















































Top
AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock    No Thanks