Gaining Valuable Insight from a Flag Pattern

Hello Trader, Despite popular opinion, stocks don't go straight up… Prove me wrong. You're going to see big moves that seem to say the opposite, but if you pay attention...there will be pauses, pullbacks, and consolidations along the way. One consolidation pattern to look for is the flag… This occurs when a stock has made a quick runup (flagpole) and then takes a pause (flag)...trading in a tighter range, oftentimes with a slight drift in the opposite direction as the trend. A flag pattern is pretty self explanatory. Once you see it on a chart...it looks like a flag on a pole, imagine that.

And guess what? This gives traders and investors, like you, opportunities to get in stocks that seemingly won't stop. Once you learn this pattern, you will no longer have an excuse for "chasing a stock." Simply wait for the right opportunity and pounce. At least that's what I do...and you can join me in my Stock Profit Pro trading room...I'm there, trading live every day. And for more on the flag pattern, I'll walk you through some potential flags setting up today… And what to look for when you're doing your own research... Click here to continue reading…

Jeff Williams

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