The basic question in trading is who is stronger. if you look at the swing marked with the yellow trend line and yellow arrow , that is not so strong as the bar marked with the yellow arrow. But that bar marked with a yellow arrow is a bear flag as is the last three bars
that is absolutely true but what makes your comment very interesting is that your trading strategy is totally dependent on what your perception of market : range or trend. That range is usually a flag .....
thinking about this it is getting more interesting...if strength in a range is to be faded...what about strength breaking out of a range? And just what is a range: any where the market has visited more than once; like a pullback
i have added volume price analysis to my price action analysis-momentum- since it not only helps entry but exit and trade management. you will now see huge difference in my trades
sold eurusd details on chart 15min shown: VPA signals on 15 min and daily chart so expecting a'big' move; but will watch market action as one way move down extremely unlikely, even though London is opening