All language subtitles for 4. Flag Chart Patterns

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These are the user uploaded subtitles that are being translated: 1 00:00:00,480 --> 00:00:05,040 Another continuation pattern that's going to follow the trend either upward and downward or what are 2 00:00:05,040 --> 00:00:06,200 called flags, right. 3 00:00:06,240 --> 00:00:11,220 And it's a continuation pattern, but it has a dramatic but brief reversal and it's a real dramatic 4 00:00:11,220 --> 00:00:11,850 reversal. 5 00:00:12,180 --> 00:00:16,410 You know, so if your prices are, let's say, down trending and they're going down on a flag, it's 6 00:00:16,410 --> 00:00:17,270 going to reverse and go. 7 00:00:17,280 --> 00:00:20,250 The prices are going to go dramatically up for a little bit and then they're going to come back down 8 00:00:20,250 --> 00:00:20,760 and fall out. 9 00:00:20,790 --> 00:00:21,580 That reverses. 10 00:00:21,600 --> 00:00:23,400 Well, we'll see in the example coming up. 11 00:00:23,640 --> 00:00:27,690 And the whole idea, like a lot of char patterns, say look like something and that's how they get their 12 00:00:27,690 --> 00:00:28,050 names. 13 00:00:28,050 --> 00:00:31,940 So looks like a flag or, you know, like a pennant on a flag. 14 00:00:31,950 --> 00:00:32,760 On a flagpole. 15 00:00:32,760 --> 00:00:33,060 Right. 16 00:00:33,060 --> 00:00:36,660 And, you know, it's similar to a triangle cause it's got a shape and all that. 17 00:00:37,830 --> 00:00:41,430 But it really kind of looks like a flag pin or flag with a flagpole. 18 00:00:41,670 --> 00:00:46,690 And then you're seeing a sharp rise or fall, depending on which way the trend is going to. 19 00:00:46,710 --> 00:00:51,090 It's going to go the opposite way for a short time with a sharp rise or fall, depending in going the 20 00:00:51,090 --> 00:00:53,610 opposite way the trend, and then pick up the trend after that. 21 00:00:53,880 --> 00:00:59,250 And what you'll see also is that the pole part of it, that's where trading volume is. 22 00:00:59,250 --> 00:01:01,440 That's where you get this spike up in your chart. 23 00:01:01,440 --> 00:01:04,800 Really, since this big a large amount of trading volume, a lot of people are trading. 24 00:01:04,800 --> 00:01:07,370 They're buying and selling the security very frequently. 25 00:01:07,380 --> 00:01:13,050 So you see a large trading volume at the base of the flagpole and then you can either be at the top 26 00:01:13,050 --> 00:01:15,300 of the flagpole or at the bottom of the flagpole. 27 00:01:15,570 --> 00:01:18,110 But the idea of that volume is what it was. 28 00:01:18,120 --> 00:01:19,980 What's making your flagpole? 29 00:01:20,610 --> 00:01:25,380 So if we're to look at this chart pattern and and for fun, I threw in an area chart. 30 00:01:25,380 --> 00:01:30,090 You know, you can see the the top there, the peaks of these mountains are the prices. 31 00:01:30,390 --> 00:01:34,080 You know, that they're closing prices that they're at on this chart. 32 00:01:34,320 --> 00:01:40,950 And along the bottom is this volume represented by Green would be an up day and red would be a down 33 00:01:40,950 --> 00:01:45,770 day as far as the trading on that particular day, on this particular style of chart. 34 00:01:46,080 --> 00:01:49,500 So you can see the prices then look to the bottom as far as the volume. 35 00:01:49,860 --> 00:01:52,980 And if you look from left to right, not much is happening, though. 36 00:01:53,040 --> 00:01:54,960 It does look like we're in a definite downtrend. 37 00:01:54,960 --> 00:01:59,970 And this those basket on the horizontal bars, the volume, the trading activity, you can see there's 38 00:01:59,970 --> 00:02:04,350 a big downward dip as far as the trading activity that goes there. 39 00:02:04,710 --> 00:02:09,570 And then all of a sudden it reaches a bottom and then it shoots back up and then continues the downtrend. 40 00:02:09,840 --> 00:02:15,030 And if you can kind of see where those green bars are, you've started envisioning a flagpole there, 41 00:02:15,030 --> 00:02:16,740 starting vision that there's a flagpole. 42 00:02:16,920 --> 00:02:21,810 There's going to be a reversal of the dominant trend and then at the top might have something looks 43 00:02:21,810 --> 00:02:23,940 somewhat like a like a pendant around that. 44 00:02:24,660 --> 00:02:29,610 If we add some lines on here, you can kind of see, you know, where it's that pendant forming. 45 00:02:29,610 --> 00:02:31,680 It's it's kind of a triangle. 46 00:02:31,680 --> 00:02:36,570 It's kind of a more of a more more rectangle ish as far as, you know, being more parallel lines. 47 00:02:36,570 --> 00:02:41,430 But the green lines on the bottom, which is the spike in trading volume, is one thing you need to 48 00:02:41,430 --> 00:02:43,200 be part of, of a flag pattern. 49 00:02:43,560 --> 00:02:49,380 You know, your flag needs a flagpole so you can see how it's all of a sudden have this big reversal 50 00:02:49,380 --> 00:02:54,600 shot way up and kind of forms this flag pole with a pretty big pennant on there. 51 00:02:54,780 --> 00:03:00,240 In this particular example where there's this big spike and big spike in profits that are SUVs, mean 52 00:03:00,240 --> 00:03:01,440 prices that come up. 53 00:03:02,040 --> 00:03:03,000 But then what happens? 54 00:03:03,000 --> 00:03:05,310 It starts to go back to the original trend. 55 00:03:05,310 --> 00:03:08,070 That's why this is a considered a continuation pattern. 56 00:03:08,370 --> 00:03:14,310 So if we put the, let's say, a trend line on top of that, you can see that when once you get past 57 00:03:14,310 --> 00:03:18,330 this kind of flagpole idea, it's going to go back to that original trend. 58 00:03:18,330 --> 00:03:23,220 So the way to trade a flag is, let's say you see this dramatic volume, you see this dramatic spike 59 00:03:23,220 --> 00:03:29,100 up, and you might be able to trade in there early enough to make some profits and then get back out 60 00:03:29,100 --> 00:03:29,580 right away. 61 00:03:29,580 --> 00:03:33,750 At least in this one, we're looking at a downward trending one and upward trending flag pole would 62 00:03:33,750 --> 00:03:37,350 be the would be the opposite around that with an upward trend. 63 00:03:37,590 --> 00:03:43,260 But typically, when I see flags and really I see them as more because I'm used to the traditional look 64 00:03:43,260 --> 00:03:47,640 of a flag on a flag pole, I guess it makes it easier for me to see when I'm seeing something in a downward 65 00:03:47,640 --> 00:03:47,910 trend. 66 00:03:47,910 --> 00:03:52,650 And I'm really trying to trade on that upward spike is how how I treat it, how most people do it. 67 00:03:52,650 --> 00:03:56,870 If they also see a flag, something's happened to cause flight. 68 00:03:56,880 --> 00:03:58,260 That's why the trading volume comes up. 69 00:03:58,530 --> 00:04:04,410 There's probably some type of event or some news there, milers anticipation of a good earnings announcement 70 00:04:04,410 --> 00:04:09,510 after a series of bad ones or whether there was a stock or something's going on in the crypto or forex 71 00:04:09,510 --> 00:04:09,870 market. 72 00:04:09,870 --> 00:04:15,390 If you're trading those types of securities, something's happened to cause the flag to, you know, 73 00:04:15,390 --> 00:04:16,590 that big sharp rise. 74 00:04:16,590 --> 00:04:21,780 But then after that event happens, people are like now, this is still not a great security. 75 00:04:21,780 --> 00:04:23,190 It needs to downtrend some more. 76 00:04:23,370 --> 00:04:25,740 And you can see where it picks back up on that trend. 77 00:04:26,280 --> 00:04:30,240 So flags can be if you see them forming, you can get in soon enough, let's say, especially when you 78 00:04:30,240 --> 00:04:34,980 have that sharp reversal for the uptrend before it goes back down again can be a great way to get a 79 00:04:34,980 --> 00:04:39,120 trade in there, make a little profit, maybe quite a bit of profit, and then get out right away because 80 00:04:39,120 --> 00:04:40,710 it's getting very spiky there. 81 00:04:41,250 --> 00:04:44,370 Just make sure you get out before the overall continuation trend. 82 00:04:44,520 --> 00:04:49,110 You know, starts keep keeps going back, you know, as far as, you know, pushing those prices back 83 00:04:49,110 --> 00:04:51,750 down, let's say if you're buying in more towards the bottom. 8751

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