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TSBTV#2 - Bull Flag Failures

TSBTV#2 - Bull Flag Failures

Flag patterns are common in the charts, so quite often times we see a number of them emerge as potential trade candidates.  When the market makes a persistent move in one direction for several days, then pulls back gradually, the environment is ripe for finding some flag patterns.

However, just because you find a bull flag or a bear flag pattern doesn’t mean that continuation is assured.  Rather, confirmation must be seen before a play can be made.

At times, the market just doesn’t cooperate to offer those entries, and the flag patterns fail.  Today we saw that occur with a number of bull flags which had been building, and in this episode we take a closer look.

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Trade like a Bandit!

Jeff White
President, TheStockBandit, Inc. (Premium service) (Trading Blog)

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