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I'm traveling, but I won't forget to bring valuable insights to my brothers.
Today I will talk about the entry methods for ascending flags and descending flags.
Bull Flag
In a bullish market, the price rises strongly at first and then enters a slight downward consolidation range.
Entry: Enter the market after the price breaks above the upper edge of the flag.
Stop loss: Place at the lower edge of the flag
Target level: Refer to the previous increase, measure the upward extension.
Falling Flag (Bear Flag)
In a bearish market, the price initially drops sharply and then enters a slight upward consolidation range.
Entry: Wait for the price to break below the lower edge of the flag pattern before entering.
Stop loss: Place at the upper edge of the flag
Target level: Similarly refer to the previous decline to measure downwards.
Brothers, remember that flag patterns are not to be chased casually; wait for a break confirmation before entering the market. This way, the risk is low and the win rate is high.
Be cautious, be cautious, be cautious!
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