Profit With Flag Patterns Using Master Trader Strategies
At Master Trader, we trade stocks, futures, and options using our objective approach, and which applies to all time frames.
Individual candlesticks are combined to create various price patterns that communicate institutions and traders’ beliefs and expectations.
Those candlesticks and patterns can form in an endless number of ways.
By combining the Master Trader concept of Bar-by-Bar Analysis, you will always know what a pattern is signaling regardless of the name.
The purpose of a name is to communicate in “shorthand” what the combination of candlesticks is suggesting and what should happen next.
The Head and Shoulders, Flags and Pennants patterns are a larger combination of individual candlesticks that communicate accumulation or distribution. Of course, they happen in different ways.
By adding the other Master Trader concepts to these Classical Patterns, the reliability of each and others increase dramatically.
Below is a daily chart of agilon health, inc. (AGL) – VIDEO REVIEW:
The VIDEO discusses the Flag Setups traded on AGL & OSTK and management.
In the Open Trade Spreadsheet for subscribers, we use a hypothetical Max Loss per trade of $300; thus, on AGL, we bought 260 shares based on the entry and initial Stop loss.
We held AGL for eight days, booking $852.80 (by scaling out in three lots), an impressive 30% return on margin.
Management updates are sent intra-day by text message to subscribers.
OSTK is a pending trade which has not triggered yet.
Nice trades!
Get trades like these sent right to you and profit in the Markets!