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Gate.io AMA : Technical Pattern - Falling Flag, Feb.23rd
01 January 08:00
Q: Today let's study more about Technical Pattern - Falling Flag
A : Let's get to know the basic definition.
Definition.
The falling flag shape is when the currency price starts to adjust after a rapid decline, forming a slightly upward sloping rectangular form.
As shown below:
1.The technical characteristics of the falling flag
(1). Appears in a falling market
(2). The price of the currency fell rapidly at an almost vertical angle, forming a flagpole. Then it began to rebound, forming a price-intensive trading area with little fluctuation and a slight upward slope. Connect the highs and highs, lows and lows of the transaction area respectively, and two parallel lines can be drawn to form a flag-shaped flag.
(3). The trading volume decreases significantly and gradually during the formation of the flag.
2.The technical meaning of the falling flag
Below the falling flag, bearish and sell in the market outlook
3.Example of BTC real market
In the BTC 9-18 market, BTC walked out of a falling flag from $48,000 to $46,000, and then fell below the lower line of the flag, falling from $46,000 to about $40,000.
Disclaimer
- This article is for reference only.
- Such information provided by Gate.io does not constitute any investment advice and is not responsible for any of your investments.
- Regarding technical analysis, market judgment, trading skills, trader sharing, etc., may involve potential risks, investment variables and uncertainties.
- This article does not provide or imply any opportunity to guarantee profits.
Q : Thank you, Let's go to question session.
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