Bullish Flag Pattern Ready to Pop on S&P Intraday Charts

s&p bullish flag breakout pop

S&P was going though some hell for a bit there with the aggressive bearish correction it went through recently.

However, strength has come back in… hard, and price just keeps pushing into new highs.

The last push into higher highs was very strong, but the price action has stalled – creating a bullish flag pattern.

That’s where you get that “dam wall” effect where the market backs up against a short counter trend, trend line.

When these flag structures break, it is usually a good trend continuation signal.

The S&P is starting to break through the dam wall now, and if this breakout is maintained we will likely see a strong rally in the next week or so.

Classic way to trade these is to wait for a breakout candle and build your trade around that, or if you want to get aggressive you can jump in earlier, but do expose yourself to fake out events.

Best of luck on the charts traders.

Want to Try My MT4/5 Tools ? Download Here...

trade panel

Trade Panel

battle station

Battle Station

chart builder

Chart Builder

market analytics

Market Analytics

Howdy traders,

By popular request, I've release trial versions of all my custom MT4/5 tools myself and the War Room traders are using in our day to day trading.

Follow the download button below if you would like to try them out :).

Download

2 Comments...


  1. Leonel comment display photo
    Leonel
    os indicadores em questao, nao funcionam na mt4, mensagem de erro

  2. Masto comment display photo
    Masto
    Flag pattern
Your Feedback is Important to Me - Please Submit a Comment Here...