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Bull Flag Pattern: A Comprehensive Guide

What is a Bull Flag Pattern?

A bull flag pattern is a technical analysis formation that indicates a continuation of an uptrend following a period of consolidation. It is characterized by a sharp increase in price, followed by a period of sideways trading within a range defined by two parallel trendlines.

Key Characteristics of a Bull Flag Pattern

• Strong uptrend preceding the pattern
• Sharp upward move forming the "pole"
• Consolidation phase forming the "flag"
• Parallel trendlines defining the range of the flag
• Breakout above the upper trendline

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