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Chart Formations | Flags | PFG Futures

Flags
  • Bull Flag
  • Chart Formations | Flags | PFG FuturesA price bar pattern consisting of a relatively small number of price bars in which the slope of price bar highs and lows are parallel and declining, or in which the slopes converge to a point in the shape of a small Pennant. Bull Flags are identified by their characteristic pattern and by the context of the prior trend. In the case of a Bull Flag the trend leading to the formation of the Bull Flag is up. Chartists frequently “buy” or (go-long) on a break up and out of a Bull Flag formation. Bull Flags are generally considered to have a stronger bias toward breaking “up and out,” as opposed to “down and out.”

  • Bear Flag
  • Chart Formations | Flags | PFG FuturesA price bar pattern consisting of a relatively small number of price bars in which the slope of price bar highs and lows are parallel and inclining, or in which the slopes converge to a point in the shape of a small Pennant. Bear Flags are identified by their characteristic pattern and by the context of the prior trend. In the case of a Bear Flag the trend leading to the formation of the Bear Flag is down. Chartists frequently “sell” or (go-short) on a break down and out of a Bear Flag formation. Bear Flags are generally considered to have a stronger bias toward breaking “down and out,” as opposed to “up and out.”

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