- Entry
- 1.4205
- Stop
- 1.3000
- TP1
- 1.5000
- TP3
- 2.0000
Bull Flag Continuation Pattern
The Bull Flag illustrates brief profit-taking and orderly accumulation following an impulsive rally. Breakout through the upper channel boundary resumes the prior trend.
Identification Rules & Structural Requirements
Checklist required before validating this formation.
- 1.Impulsive, nearly vertical upward move (the flagpole).
- 2.Orderly, parallel downward or horizontal consolidation on declining volume.
- 3.Consolidation does not retrace more than 38.2% to 50% of the flagpole.
- 4.Breakout candle closes above the upper descending trendline.
A breakdown and close below the 61.8% Fibonacci retracement of the flagpole.
Trade this setup with mathematical R:R
A chart pattern only provides positive expectancy when your reward targets exceed your risk boundaries. Always compute your position size and breakeven win rate before executing.
Active & Graded Calls Demonstrating Bull Flag Continuation Pattern
Empirical evidence from TradeDiscuss's public prediction ledger.
- Entry
- 79,972.62
- Stop
- 79,800.00
- TP1
- 80,200.00
- TP3
- 80,400.00
- Entry
- 154.594
- Stop
- 156.924
- TP1
- 150.740
- Conviction
- high
This USDJPY short level is critical today as it retests a key support, with high volume confirming liquidity sweep. Invalidation occurs above 135.50, where price breaks resistance and enters new territory.
- Entry
- 1.34905
- Stop
- 1.36900
- TP1
- 1.31510
- Conviction
- low
GBPUSD's 1.3550 level is critical today as it's a major support retest, with high volume confirming liquidity sweep. Invalidation occurs above 1.3575, negating short bias.