carlosevangelista
8 posts
msg #157437
- Ignore carlosevangelista |
8/26/2021 9:07:02 AM
Hi guys,
I'm working with swing trade and I'm trying to find the better form for the use pattern BULL FLAG.
In research find that the better form for use this pattern will be if the stock had in BULL FLAG with the point of entry in retraction ends at around 38.2% (Fibonacci), creating a classic bullish flag pattern.
Here in the forum, I looked at this link:
https://www.stockfetcher.com/forums/General-Discussion/Bull-Flag/61913/-1/62092
with this:
/*strong move up flagpole*/
count(close is above parabolic sar(.1,.01) ,20) > 12
close < parabolic sar(.1,.01)
/*pause, flag/pennant */
count(close < parabolic sar(.1,.01),5) > 2
close < parabolic sar(.1,.01)
/*strong trend*/
count(close is above ma(100),99) > 60
close > 20
avg vol(30) is above 500000
Questions:
1 - The select above is the better form for getting the stocks with BULL FLAG?
2 - As a general rule, the consolidation phase shouldn’t surpass the 50% Fibonacci retracement of the prior leg higher (the flagpole). A pullback that extends below 50% signals that the uptrend is not as strong as it should be. Hence, a strong bull flag usually needs retracement between 38.2% to 50% before breaking the upper trend line. Will be possible to make this?
3 - Case, Do you have another idea. I would to like see it.
Regards,
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