Flag chart patterns are generally considered to be continuation patterns; in that the trend that came prior to the flag chart pattern is likely to continue. These types consolidations are great because they often provide excellent risk/reward opportunities.
A consolidation is when the market pauses and moves sideways within a limited price range creating a flag type pattern.
During this live stream, we take at look at how we can use these price consolidations to create high probability trading opportunities.
- What is a consolidation?
- The 2 types of consolidations
- Assigning probabilities to where the price might go next.
- The different consolidations
- How to use consolidations.
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