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Gate.io AMA : Technical Pattern - Rising flag, Feb.21st
09 March 11:53
Q: Today let's study more about Technical patterns - Rising flag
A : Let's get to know the basic definition.
Definition.
After the completion of the rising flag, most choose to break up and continue to rise, so it is called the rising flag.
Most of the time, the flag itself tends to be the entire mid-term trend when a long-term trend corrects or rebounds. Therefore, after the finishing of the rising flag, it will continue to rise; after the finishing of the falling flag, it will continue to fall. As shown below:
1.The technical characteristics of the rising flag
(1). Appear in the rising market
(2). The currency price rises at a steep angle with almost no pause, forming a flagpole. Then the currency price began to adjust, forming a price-intensive area with little fluctuation and a slight downward slope. By connecting the high and low points of the dense area, two parallel lines can be drawn to form the flag.
(3). In the process of flag formation, the overall trading volume decreases gradually
2.The technical meaning of the flag
After the rising flag breaks the upper line of the flag, the market outlook is bullish, which is a buy signal
3.Example of BTC real market
BTC started to fall from 44,000 US dollars, and kept falling until 41,000 US dollars, and then broke up and continued to rise to 47732.8 US dollars.
Disclaimer
- This article is for reference only.
- Such information provided by Gate.io does not constitute any investment advice and is not responsible for any of your investments.
- Regarding technical analysis, market judgment, trading skills, trader sharing, etc., may involve potential risks, investment variables and uncertainties.
- This article does not provide or imply any opportunity to guarantee profits.
Q : Thank you, Let's go to question session.
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