Bull flag or bearish flag pattern

Discussion in 'Technical Analysis' started by Lord Darkseid, Nov 29, 2022.

  1. Its neither a flag nor a cup & handle...
     
    #51     Dec 7, 2022
  2. If you have to ask if it is....then it isnt
     
    #52     Dec 7, 2022
    Sekiyo likes this.
  3. Take a look at STRL and take notice of volume pulling back
     
    #53     Dec 7, 2022
  4. upload_2022-12-7_11-20-15.png

    Decent flag but please remember we are in a bear market....probabilities are less likely in this environment...food for thought.
     
    #54     Dec 7, 2022
    Sekiyo likes this.
  5. easymon1

    easymon1

    Flags ain't in my wheelhouse, so no problemo, you can have 'em, lol.

    School me on why you don't think that is a Cup n Handle.
     
    Last edited: Dec 7, 2022
    #55     Dec 7, 2022
  6. Well when i say it isnt i say that in the traditional sense. Cup & handles take longer to develop not days. This is according to William O'Neil who coined that pattern
     
    #56     Dec 7, 2022
  7. And again i make no claims.to being an expert on anything. I do have many years trading these puppies though. So take that for what its worth. Over time you will have no problems decerning a flag or other patterns. I would suggest that you pick one single pattern and master it. Only then would i move on to another
     
    #57     Dec 7, 2022
  8. easymon1

    easymon1

    Cup n Handles do not take days to develop on a minute chart for intraday trading.
    enjoy: https://elitetrader.com/et/threads/cup-and-handle-on-bac.356343/#post-5336128

     
    #58     Dec 7, 2022
  9. I was quoting william oneil and tradional daily charts. But if we are looking intraday then you are correct
     
    #59     Dec 7, 2022
  10. Was the chart you posted intraday or a daily?
     
    #60     Dec 7, 2022