Day 12/20 –
Understanding the Bull Flag Pattern
Today I learned about the Bull Flag, a common pattern that appears during an uptrend.
It usually has two parts:
• Strong upward move (the flagpole)
• Small pullback or consolidation (the flag)
After this short pause, price often continues moving upward in the direction of the trend.
I’ve started noticing this pattern on charts like Bitcoin and Solana, especially during strong bullish momentum.
What makes it interesting is that it shows the market is taking a short break before continuing the trend.
BTC
76,518.83
+2.51%
📊 How traders use it:
• Wait for the strong upward move
• Watch the small pullback (flag)
• Enter after a breakout above the flag
• Place stop loss below the flag