Final Flags Flashcards
What is a Final Flag?
a Final Flag is a TR
Whenever you get a horizontal TR late in a Bull Trend after 20 or more Bars I have to be thinking it may be the Final Flag before Price Reversal
Whenever you get a horizontal TR late in a Bull Trend after 20 or more Bars I have to be thinking it may be the Final Flag before Price Reversal
What do Small Trends often end with?
Small Trends often end with a Final Flag
The Final Flag has characteristics that lead traders to suspect that it might be the last flag in the trend. (Because if you take the Buy you will take quick profits and look for a Reversal entry)
The Final Flag has characteristics that lead traders to suspect that it might be the last flag in the trend. (Because if you take the Buy you will take quick profits and look for a Reversal entry)
Can you break the bottom of a Bull Trend by price going sideways?
Yes
Whenever I see a BO, I have to start wondering if the market will reach a MM target.
TRUE or FALSE?
TRUE
What is an “ii” pattern on a smaller TF Chart?
It is a triangle pattern on a smaller TF Chart
Is a Final Flag (FF) more likely if the Trend is extreme?
Yes it is more likely if there is a series of Buy Climaxes, Sideways TR, Just below resistance(like in a MM or top of Channel)
In a TR are the Bulls just as Strong as the Bears?
Yes they’re, there is a magnetic pull in both directions; BLSHS
When a Buy Vacuum races up to Resistance what is often the result after it reaches it?
It often Reverses down
What does a Final Flag often warn a Trader of?
FF often warns the Trader of a possible Reversal
FF often has signs of possible Reversal Soon
FF often has signs of possible Reversal Soon
When is a Final Bear Flag (FBF) more likely?
Can a FF be as small as one bar?
Yes it can
Context needs to indicate that a Reversal is Reasonable
Context needs to indicate that a Reversal is Reasonable
If 1st reversal up is minor what should I soon look for?
Look for a Major Reversal soon (For minor Reversals look for a scalp but sometimes get a swing and for Major reversals look for the scalp but sometimes we get a swing profit).
FF BO can fail to reach a new low
FF BO can fail to reach a new low
Can a final flag last many bars?
Yes it can, here we have a TTR lasting 20+ Bars & it can often be the Final Flag in a Bull Trend
When an “ii” pattern occurs late in a Trend what can it lead too?
It can lead to a Reversal. On this chart there is a Big Bull Bull late in the trend followed by an ii pattern. Odds of a Reversal are very high. (Remember a triangle is a BO Mode pattern)
ii Final Flags (Consecutive Inside Bars) - BO Mode
ii Final Flags (Consecutive Inside Bars) - BO Mode
a Buy Climax often has Small Final Flags
a Buy Climax often has Small Final Flags
a Sell Climax often has Small Final Flags
a Sell Climax often has Small Final Flags
