The bull flag pattern is probably the most bullish chart pattern you can trade. As the name suggests, it looks like a flag pole with a flag on the top portion of the pole.
To form the pattern, the price rises substantially in a short period of time and then consolidates for generally a few days to a few weeks to form the flag portion of the chart pattern.
A true bull flag pattern often leads to a secondary move of similar magnitude. The price often rises 15% to 50% or more in a short period of time IF the price breaks out of the top of the pattern.
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