Bull Flag Perfect Example

Remember how with a Bull Flag pattern, the longer term target is the length of the pole. Amazon is a perfect example, we can see the length of the "Flag Pole" from $475 to around $595, a pole around $120 in length, after $595 broke out, Amazon never reclaimed that $595 area and is now trading over $120 higher

Also look at the length of time it took the pole to form (around 2 months), after Amazon broke out, it took around 2 months to complete the full length of the pole.

We will be printing this chart out and framing it on our wall, this is a perfect example of a Bull Flag and how to profit from one!



1 comment

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