What's Bear Flag Chart Pattern in XAUUSD?

Trading Identify a Bear Flag Pattern in XAUUSD

The Best Trading Setup Patterns Tutorial for New Traders - How to Identify & Trade Bear Flag Chart Pattern

XAUUSD Setup Patterns for Day Trading - Setup Patterns Guide

This Bear Flag patterns charts tutorial explains how to identify chart setups - spotting chart setups is the first step when it comes to learning how to trade with Bear Flag chart setups in XAUUSD.

Bear Flag price setups commonly form on charts and this chart pattern analysis guide explains how to trade and analyze charts using Bear Flag setups.

Bear Flag Pattern

This bear flag pattern setup is found in a downward trend. The bear flag chart pattern setup is a trend continuation setup where the price retraces slightly with a narrow price action which has a slight upward tilt. The technical sell point is when the price penetrates the lower line of the inverted bear flag pattern. The flag portion has highs & lows which can be connected by small lines that are parallel, giving it what resembles a small channel.

Bear Flag Chart Pattern - What is Bear Flag Chart Pattern in XAUUSD?

The bear flag pattern setup above was just a resting period for the market before more selling. Continuation signal was completed as the lower line was broken to the downside.