Chart patterns

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Hey Vishal can u please "refine the values of PSAR"...here i m attaching the chart of ZINC
Time Frame=15min
3EMA - Green Line
6EMA - Red Line
9EMA - Yellow Line

In the chart i hav circled locations with ORANGE colour...if at these locations the PSAR values will b refined then it wud give all the winning results for day trading for any commodity

Thanks.
 

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prst

Well-Known Member
Hi,

I have a query regarding the flag pattern
please confirm whether the attached chart of camlin has developed a flag pattern ?
I have another query regd this patten.
Does this always indicate a continuation of previous trend? since we had a big downtrend before the pattern started, does this mean that breakout of the flag will "always" lead prices to lower side?

waiting for useful inputs from fellow members..

Thanks..
 
Last edited:

FanaticTrader

Well-Known Member
Hi,

I have a query regarding the flag pattern
please confirm whether the attached chart of camlin has developed a flag pattern ?
I have another query regd this patten.
Does this always indicate a continuation of previous trend? since we had a big downtrend before the pattern started, does this mean that breakout of the flag will "always" lead prices to lower side?

waiting for useful inputs from fellow members..

Thanks..
This is not the correct inverted flag pattern. In bear flag pattern the prices tend to move up in a small channel before breaking down further to confirm the continuation.
 

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