Bull flag: real or fake? Run the 3 checks

This looks like a bull flag. Is it real?

Run it through three quick checks.

Check one: a strong pole. On this one-hour pound chart, price ran from 1.3299 to 1.3358 in nine hours.

Eight of those ten candles closed green. That's a strong pole.

Check two: a shallow, tight flag. The pullback gave back less than half of the pole.

Five small candles, drifting sideways. Sellers couldn't push it down.

Check three: a close above the flag. This candle closed at 1.3369, above the flag's top.

Three checks, three passes. So the answer: real.

Here's what happened. Two candles later, price hit 1.3409.

The entry: buy the close above the flag. Stop under the flag's low, at 1.3335.

So what does a fake look like? It fails at least one check.

A weak, choppy pole. Or a flag that gives back more than half of the pole.

Or a wick pokes above the flag, but the candle closes back inside. No close, no trade.

Save this. Strong pole. Shallow, tight flag. Close above the flag. All three: real. Miss one: skip it.

Your turn. Strong pole, but the flag gave back most of it. Real, fake, or wait? Comment below.

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