Analyze Bear Flag Chart Pattern

How to Read Bear Flag Chart Pattern

This bear flag pattern is found in a downward trend. The bear flag chart pattern is a trend continuation pattern where the price retrace slightly with a narrow price action that has a slight upward tilt. Sell signal is generated when the price penetrates the lower line of the inverted bear flag chart pattern. The flag portion of this bear flag chart pattern has gold price highs & gold price lows which can be connected by small lines that are parallel, giving the bear flag pattern the look of a small channel - inverted flag.

Interpret Bear Flag Chart Pattern? - How Do I Interpret Bear Flag Chart Pattern

The bear flag pattern above was just a resting period for the gold market trend prior to more selling and resuming of the downwards xauusd trend. The continuation xauusd signal from the bear flag chart pattern was confirmed when the lower line of this bear flag pattern was broken to the downside after which the gold price moved downwards.

How Do I Interpret Bear Flag Chart Pattern