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The falling flag shape is when the currency price starts to adjust after a rapid decline, forming a slightly upward sloping rectangular form. As shown below:
(1). Appears in a falling market
(2). The price of the currency fell rapidly at an almost vertical angle, forming a flagpole. Then it began to rebound, forming a price-intensive trading area with little fluctuation and a slight upward slope. Connect the highs and highs, lows and lows of the transaction area respectively, and two parallel lines can be drawn to form a flag-shaped flag.
(3). The trading volume decreases significantly and gradually during the formation of the flag.
Below the falling flag, bearish and sell in the market outlook
In the BTC 9-18 market, BTC walked out of a falling flag from $48,000 to $46,000, and then fell below the lower line of the flag, falling from $46,000 to about $40,000.
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