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#1
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Flags are seldom appearing "old school" TA.
Here are 3 recent flags. Which Way from here? The rule about flags is the move out of the flag should be equal to the pole. ![]() |
#2
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the other two times (left of chart) when the price spiked up, a small flag began, but then price went down. It could be indicative of what is to come, but I think we'd need to see volume levels to decide strength. All-in-all, if price goes up, you have resistance up ahead.
Also, you don't really want to get in until the price breaks. Guessing which way it is going to break is usually a losing proposition. |
#3
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![]() ![]() Here is my analysis and I say down: what is yours? |
#4
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Where is your analysis?
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#5
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If flags are old school I need to go buy a walker.
I don't trade the ES anymore though, but I still think I need more data to answer that question. I can tell you right off it's not something I would play either way though. "The trick is, when there is nothing to do, do nothing." -Warren Buffett |
#6
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Those aren't flags the way I've seen them defined.
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