How to Analyze Bull Flag Chart Pattern

The bull flag stock indices chart pattern is found within a Indices Trading upward trend.

The bull flag stock indices pattern occurs at halfway point of a bullish upward indices trend and after a break out a similar move equal to the height of the flagpole is expected.

In this bull flag stock indices chart pattern is a continuation stock indices chart pattern where the stock indices trading market retraces slightly, it's therefore a slight retracement with narrow stock indices price action which has a slight downwards tilt.

The technical buy point is when stock indices trading price penetrates the upper line of the bull flag stock indices chart pattern. Flag portion has highs & lows which can be connected by small lines which are parallel, giving it what looks like a small channel.

How to Analyze Bull Flag Chart Pattern

The bull flag stock indices pattern above was just a resting period as the stock indices trading market gathered strength to break out & move higher. The bull flag stock indices chart pattern indices trading continuation stock index signal was confirmed when the upper line of this flag pattern was broken to the upside.