How to Analyze Bull Flag Pattern

The bull flag stock indices chart pattern is found within a Indices 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 flag-pole is expected.

In this bull flag stock indices chart pattern is a continuation stock indices chart pattern where the stock indices market pulls back slightly, it's hence a slight retracement with narrow stock indices price action which has a slight down-ward tilt.

The technical buy point is when stock indices 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 resembles a small channel.

How to Analyze Bull Flag Pattern

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