Bull Flag
BullishA quiet flag-shaped rest after a sharp rally — seen as catching breath before the next leg up
Textbook shape
How to read it
A steep pole followed by a narrow, slightly down-sloping flag. The advance's buyers haven't left; only profit-taking is being absorbed — a continuation setup.
It completes when the close clears the flag's upper line, ideally with volume contracting inside the flag and expanding on the break.
Real example
US stockSHOPDaily
Completed 2023-02-15
CryptoBTC-USDDaily
Completed 2024-06-07
A window SQMATE's detectors actually flagged in past bars. It records a day that worked out — the same shape doesn't always resolve the same way.
On SQMATE
No more eyeballing charts
You don't have to flip through charts hunting for shapes. Signal watch pings your browser the moment a condition is met, patterns on your watchlist arrive by email, and the screener lists every symbol that matched today.
SQMATE draws the lines
Support lines, trendlines, channels — the lines you need to read a pattern are drawn for you, so no time goes into drawing.
Patterns aren't the whole story
The same shape doesn't always resolve the same way. It's safer to read it together with candles, volume, and market context — news, catalysts, flows.