Pattern guide · Usually bullish
Bull flag
A bull flag is a sharp rise (the pole) followed by a short, gently falling channel (the flag); a break above the flag usually resumes the rise.
Breakout record on PSX · last 90 days
0%
0 of 6 resolved breakouts reached their target before invalidation.
- 0
- Target
- 6
- Invalid.
- 0
- Expired
- 3
- Active
Measured on the bars after each breakout: target or invalidation, whichever is touched first. Past outcomes do not predict future ones.
How the bull flag works
After a strong move up, price rests in a tight, slightly downward channel while early buyers take profit. Volume typically fades during the flag.
It is a continuation pattern: it expects the prior trend to carry on.
- Confirmation
- A close above the flag's upper line.
- Target
- The length of the pole, projected up from the breakout.
- Fails if
- A close below the flag's lower line.
Latest bull flag signals
Technical analysis for education only — not investment advice. Patterns can fail; manage your own risk.