A flag in stocks is when the price of a security breaks out of a consolidation pattern and moves in the same direction as the prevailing trend. Flags can be either bullish or bearish, and are typically short-term in nature. The bullish flag pattern is formed when a security breaks out of a downtrend and […]
What Is A Double Top In Stocks
A double top is a chart pattern that is used to identify a potential reversal in a stock’s price trend. The pattern is formed when the price of a stock reaches two consecutive highs and then falls below the lowest of the two highs. The double top is considered a fairly reliable reversal pattern, especially […]
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