Its neither a flag nor a cup & handle...
Bull flag or bearish flag pattern
- Thread starter Lord Darkseid
- Start date
If you have to ask if it is....then it isnt
Take a look at STRL and take notice of volume pulling back
Decent flag but please remember we are in a bear market....probabilities are less likely in this environment...food for thought.
Flags ain't in my wheelhouse, so no problemo, you can have 'em, lol.
School me on why you don't think that is a Cup n Handle.
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Well when i say it isnt i say that in the traditional sense. Cup & handles take longer to develop not days. This is according to William O'Neil who coined that pattern
And again i make no claims.to being an expert on anything. I do have many years trading these puppies though. So take that for what its worth. Over time you will have no problems decerning a flag or other patterns. I would suggest that you pick one single pattern and master it. Only then would i move on to another
Cup n Handles do not take days to develop on a minute chart for intraday trading.
enjoy: https://elitetrader.com/et/threads/cup-and-handle-on-bac.356343/#post-5336128
I was quoting william oneil and tradional daily charts. But if we are looking intraday then you are correct
Was the chart you posted intraday or a daily?