How Do I Analyze Bear Flag Chart Pattern?

How Do You Trade Bear Flag Chart Pattern?

This bear flag chart pattern is found in a downwards trend. The bear flag chart pattern is a trend continuation pattern where the price retrace slightly with a narrow price action which has a slight upwards tilt. The 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 forex price highs & FX price lows which can be connected by small lines which are parallel, giving the bear flag chart pattern the look of a small channel - inverted flag.

How Do You Interpret Bear Flag Chart Pattern?

The bear flag chart pattern above was just a resting period for forex market trend prior to more selling & resuming of the downward forex trend. The continuation forex trading 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 forex price moved downwards.

How Do You Interpret Bear Flag Chart Pattern?