Post
Topic
Board Trading Discussion
Re: How to use the Bear Flag pattern and what to look for?
by
MusaMohamed
on 28/06/2023, 08:12:56 UTC
Yeah but in my opinion, some patterns need other indicators that support them sometimes it fails to use only pattern, especially in a lower timeframe you also don't want an ending like this image below.
Many times, the market moves oppositely to what it should move based on patterns which are used by most of market participants. If the market moves exactly like what most of us think, most of us will be rich. Many years, in all markets, most of people lose money and only very intelligent investors, traders get richer.

Don't trust patterns and indicators which are set up by Market Makers to help them richer and make us poorer. Focus on fundamentals and have a wide overview, long term plan are better.