Flags and pennants are very solid stock chart patterns. They signal very good trading opportunities.
The bullish version has lower lows and lower highs against the previous main trend direction. Trend lines for highs and lows are parallel.
Review November 23 Post. This is what trend following is all about.
Few people have absorbed the hard neuroscience research that reasons arrive afterwards. That given the choice between a simple, easy-to-understand explanation that works and a difficult one that doesn’t, people tend to pick the latter. People would rather have any story about a series of price changes happened than that there is no rational reason for it. Confusing hindsight with foresight and complexity with insight are a few more ‘cognitive illusions’ of Behavioral Finance. - Charles Faulkner
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