What Happens in Commodities after a Bull Flag Commodity Trading Chart Pattern in Commodity?
The bull flag commodity pattern is found within a Commodities upwards trend.
The bull flag commodity pattern occurs at halfway point of a bullish upward commodity trend and after a break-out a similar move equal to the height of the flagpole is expected.
In this bull flag commodity pattern is a continuation commodity chart pattern where the commodity market retraces slightly, it is therefore a slight retracement with narrow commodities price action that has a slight downward tilt.
The technical buy point is when commodities price penetrates the upper line of the bull flag commodity pattern. Flag portion has highs & lows which can be connected by small lines which are parallel, giving it what looks like a small channel.
What Happens in Commodities after a Bull Flag Commodities Trading Chart Pattern in Commodity Trading? - How to Analyze Bull Flag Commodities Trading Chart Pattern
The bull flag commodity pattern above was just a resting period as the commodity market gathered strength to break out and move higher. The bull flag commodity chart pattern commodity continuation commodity trading signal was confirmed as a upper line of this flag chart pattern was broken to the up side.