Post
Topic
Board Trading Discussion
Re: How to use the Bear Flag pattern and what to look for?
by
jeraldskie11
on 28/06/2023, 12:31:46 UTC
About the bear flag pattern, the diminishing volume during the formation is a must?   
No, it isn't. However, in order to maximize your chances of winning the trade, you must use the volume indicator as your confluence. Some individuals use numerous indicators such as EMA and RSI in addition with a bear flag pattern. The more confluences the higher the probability. If you see a bear flag, you can utilize the EMA as dynamic resistance and the RSI for divergence. If you find these all in the chart, it raises your chances of winning the trade.