What is Bull Flag?

A continuation pattern that occurs after a sharp price increase (the pole) followed by a short period of consolidation (the flag).

In-Depth Explanation

A breakout above the upper trendline of the flag signals a continuation of the previous uptrend. It is one of the most reliable bullish patterns.

"The Nasdaq 100 broke out of a bull flag on the daily chart, leading to another 5% gain."

Knowing the terms is just the start. Learning how to apply them is where the edge is found.