Real-time pattern trading is the easiest way to find entry and exit prices if you can scan thousands of stocks and ETFs within minutes. It is definitely impossible for humans. Artificial Intelligence (A.I.) not only discovers these patterns, but also checks if they worked out well in the past. Knowing the success rate in the past allows A.I. to establish the odds of success in the future.
The Rising Flag (or Bullish Flag) pattern looks like a flag with a mast. It forms when rising prices experience a consolidation period, and the price moves within a narrow range defined by the parallel lines through points (2, 4) and (3, 5). After the consolidation, the previous trend resumes.
This type of formation happens when the price of a security is expected to move in a rising trend line, but some volatility along the way creates a consolidation period.
Trade idea
Once the price breaks out from the top pattern boundary, day traders and swing traders should trade with an UP trend. Consider buying the security or a call option at the upward breakout price/entry point. To identify an exit, compute the target price by adding the initial rise between points 1 and 2 to the breakout price.
The breakout price level for the Bullish Flag pattern is the last point touching the top line (point 4). When trading, wait for the confirmation move, which is when the price rises above the Breakout level.
To limit potential loss when price suddenly goes in the wrong direction, consider placing a stop order to sell at or below the breakout price.
Time frames No matter your trading strategy (day trading, swing, etc), we have patterns that will be ready to trade.
GBT - Global Blood Therapeutics Inc.
| STATUS | Emerged |
|---|---|
| CURRENT CONFIDENCE | 52% |
| TARGET (EXIT) PRICE | 34.32 USD |
| BREAKOUT (ENTRY) PRICE | 33.74 USD |
| DISTANCE TO TARGET PRICE | 2.37% |
| EMERGED ON | Aug 06, closing price |
| WITH CONFIDENCE LEVEL | 57% |
FANG - Diamondback Energy Inc
| STATUS | Confirmed |
|---|---|
| CURRENT CONFIDENCE | 52% |
| TARGET (EXIT) PRICE | 80.63 USD |
| BREAKOUT (ENTRY) PRICE | 80.16 USD |
| DISTANCE TO TARGET PRICE | 0.69% |
| CONFIRMED ON | Aug 06, 03:53 PM (EDT) |
| EMERGED ON | Aug 06, 03:45 PM (EDT) |
| WITH CONFIDENCE LEVEL | 68% |
RETO - ReTo Eco-Solutions Inc
| STATUS | Emerged |
|---|---|
| CURRENT CONFIDENCE | 55% |
| TARGET (EXIT) PRICE | 0.90 USD |
| BREAKOUT (ENTRY) PRICE | 0.87 USD |
| DISTANCE TO TARGET PRICE | 5.77% |
| EMERGED ON | Aug 06, 03:30 PM (EDT) |
| WITH CONFIDENCE LEVEL | 55% |
WPP - WPP Plc. - ADR
| STATUS | Confirmed |
|---|---|
| CURRENT CONFIDENCE | 62% |
| TARGET (EXIT) PRICE | 67.68 USD |
| BREAKOUT (ENTRY) PRICE | 67.37 USD |
| DISTANCE TO TARGET PRICE | 0.55% |
| CONFIRMED ON | Aug 06, 03:27 PM (EDT) |
| EMERGED ON | Aug 06, 03:00 PM (EDT) |
| WITH CONFIDENCE LEVEL | 70% |
JHX - James Hardie Industries plc - ADR
| STATUS | Emerged |
|---|---|
| CURRENT CONFIDENCE | 52% |
| TARGET (EXIT) PRICE | 36.07 USD |
| BREAKOUT (ENTRY) PRICE | 35.47 USD |
| DISTANCE TO TARGET PRICE | 2.09% |
| EMERGED ON | Aug 06, 03:00 PM (EDT) |
| WITH CONFIDENCE LEVEL | 53% |
