Bull Flag
Please have a look at the image below.
You can see the bull flag pattern is encompassed by two parallel lines.
These lines can be either flat (representing sideways movement) or pointed downward (representing the consolidation in the market).
The pole of the flag is formed by the big move upwards which completes the bull flag.
The pattern is seen as the market potentially just taking a “breather” after a big move before continuing its move upward and is thus referred to as a bullish pattern.
Now coming to the actual point as when to enter in to a trade using this patern.
First of all calculate the height of your bull flag’s pole.
Now when the prices break out from the parallel line (ofcourse the upper line as the trend is bullish) we enter in the trade.
The lowest point in the parallel line is your 1st Stop and target is the length of your flag’s pole.