Flag patterns have five main characteristics:
The preceding trend
The consolidation channel
The volume pattern
A breakout
A confirmation where the price moves in the same direction as the breakout.
While the S&P 500, Nasdaq, and Dow Jones closed at the highest levels, small caps must move at least 5% to make a new all-time high since 2021..!
https://tradingview.sweetlogin.com/x/hEuoahFg/
The preceding trend
The consolidation channel
The volume pattern
A breakout
A confirmation where the price moves in the same direction as the breakout.
While the S&P 500, Nasdaq, and Dow Jones closed at the highest levels, small caps must move at least 5% to make a new all-time high since 2021..!
https://tradingview.sweetlogin.com/x/hEuoahFg/
Note
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.