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Oct 9, 2024 · A high-tight bull flag chart pattern has an 85% success rate on an upside breakout, achieving an average 39% profit in a bull market. If the bull flag is loose, the failure rate is 55%, with only a gain of 9%. Source Research Courtesy of Tom Bulkowski@The PatternSite.com.
Oct 21, 2024 · Tight flags: A tight flag performs better than a loose one. A loose flag is one in which price meanders, pokes outside the trendline boundary, contains white space, or looks jagged. The tight v. loose figure to the right shows an example. Yearly low: The best performers occur when the breakout is within a third of the yearly low.
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Oct 21, 2024 · Price begins the rise in October at 9.36 and rises to 17.80, a climb of 90% in less than 2 months. Then price moves sideways, forming an ascending triangle. When the breakout occurs, it confirms the high and tight flag chart pattern as a valid one and price resumes the up trend. Price tops out at 23.72 less than 2 months later, a rise of 33%.
Mar 4, 2023 · What is a High Tight Flag (HTF) pattern? HTF is just a flag with the following characteristics: The flag pole is > 100% measured from the bottom (or a swing low) and takes around 6-10 weeks. The flag mast pulls back less than -25% from the pole top. Mast formation completes between 3-5 weeks before a breakout.
Jan 10, 2020 · The High Tight Flag pattern is a rare and very bullish chart pattern, often seen in stocks with strong CANSLIM fundamentals. It forms when there’s a sharp rise in the stock’s price, followed by a short period of consolidation, creating a flag-like shape. A breakout from this flag usually means the upward trend will continue.
Oct 19, 2021 · Overall, a high tight flag pattern is simply a traditional flag pattern, but with a steep and vertical flagpole that makes it a stronger and more reliable bullish reversal pattern. Traders often view a high tight flag pattern as a more significant signal for a potential buying opportunity, as the sharp and vertical price increase is considered to reflect a high level of momentum in the stock.
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May 30, 2024 · What is a High Tight Flag Pattern? A high tight flag pattern is a chart pattern that signifies a potential for substantial price appreciation. I like to refer to it as a "Bull Flag on steroids". The concept is not new and I first saw the term in Mark Minervini's book, "Think and Trade Like a Champion". He describes this pattern as "The Power Play".
