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	Comments on: Swing Trade Ideas 2-7-22	</title>
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	<description>Stock Trading, Investing &#38; Market Analysis</description>
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		<title>
		By: MichelMayer		</title>
		<link>https://rightsideofthechart.com/swing-trade-ideas-2-7-22/#comment-23217</link>

		<dc:creator><![CDATA[MichelMayer]]></dc:creator>
		<pubDate>Wed, 09 Feb 2022 15:10:22 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=207303#comment-23217</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/swing-trade-ideas-2-7-22/#comment-23208&quot;&gt;rsotc&lt;/a&gt;.

realy appreciate the info]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/swing-trade-ideas-2-7-22/#comment-23208">rsotc</a>.</p>
<p>realy appreciate the info</p>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/swing-trade-ideas-2-7-22/#comment-23208</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Tue, 08 Feb 2022 14:42:22 +0000</pubDate>
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					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/swing-trade-ideas-2-7-22/#comment-23206&quot;&gt;MichelMayer&lt;/a&gt;.

Great question. There isn&#039;t a set number of days as bull &amp; bear flags can develop on any time frame. Therefore, a flag on a 60-minute chart might form over just a few days whereas a flag on a weekly chart would form over several weeks although depending on the source you find, some might say they must form over a week or more but that most definitely has not been my experience. However, the flag can&#039;t be too large relative to the flagpole &amp; you&#039;ll see plenty of examples online.

The 3 basic components of a bull (bear) flag are:
 1) An impulsive move up (down) call the flagpole.
 2) Followed by a relatively brief period of consolidation, typically on decreased volume, that takes the shape of a flag (or pennant for a bullish/bearish pennant)
 3) Once the prices break above (below) the flag, it is typically followed by another impulsive leg up (down) on increased volume with that leg usually similar to the flagpole

Bull &amp; bear flags are continuation patterns, meaning the expected move following a breakout will be a resumption of the previous trend leading up to the formation of the flag. 

To calculate the measured target of the pattern, add (subtract) the length of the flagpole to the bottom (top) of the lowest (highest) point of the flag just before the pattern breaks out.

I would suggest a quick web search as you&#039;ll find plenty of descriptions &amp; examples such as this one: https://school.stockcharts.com/doku.php?id=chart_analysis:chart_patterns:flag_pennant_continuation]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/swing-trade-ideas-2-7-22/#comment-23206">MichelMayer</a>.</p>
<p>Great question. There isn&#8217;t a set number of days as bull &#038; bear flags can develop on any time frame. Therefore, a flag on a 60-minute chart might form over just a few days whereas a flag on a weekly chart would form over several weeks although depending on the source you find, some might say they must form over a week or more but that most definitely has not been my experience. However, the flag can&#8217;t be too large relative to the flagpole &#038; you&#8217;ll see plenty of examples online.</p>
<p>The 3 basic components of a bull (bear) flag are:<br />
 1) An impulsive move up (down) call the flagpole.<br />
 2) Followed by a relatively brief period of consolidation, typically on decreased volume, that takes the shape of a flag (or pennant for a bullish/bearish pennant)<br />
 3) Once the prices break above (below) the flag, it is typically followed by another impulsive leg up (down) on increased volume with that leg usually similar to the flagpole</p>
<p>Bull &#038; bear flags are continuation patterns, meaning the expected move following a breakout will be a resumption of the previous trend leading up to the formation of the flag. </p>
<p>To calculate the measured target of the pattern, add (subtract) the length of the flagpole to the bottom (top) of the lowest (highest) point of the flag just before the pattern breaks out.</p>
<p>I would suggest a quick web search as you&#8217;ll find plenty of descriptions &#038; examples such as this one: <a href="https://school.stockcharts.com/doku.php?id=chart_analysis:chart_patterns:flag_pennant_continuation" rel="nofollow ugc">https://school.stockcharts.com/doku.php?id=chart_analysis:chart_patterns:flag_pennant_continuation</a></p>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/swing-trade-ideas-2-7-22/#comment-23207</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Tue, 08 Feb 2022 14:30:47 +0000</pubDate>
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					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/swing-trade-ideas-2-7-22/#comment-23205&quot;&gt;mSquare&lt;/a&gt;.

Sure. I&#039;ve posted targets on multiple time frames for QQQ: 60-minute, daily, &amp; weekly. The initial 5 targets were listed on the 60m chart with all 5 being hit but I also started listing targets on the daily &amp; weekly charts before or shortly after the first couple of 60m targets were hit.

For the past several weeks or more, I&#039;ve turned my focus to the targets on the weekly chart &amp; here&#039;s the last static (screenshot) weekly chart I posted on Jan 24th with all of my current long-term swing targets which are still valid at this time (although subject to revision or the addition of more downside targets, depending on how the charts develop going forward).]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/swing-trade-ideas-2-7-22/#comment-23205">mSquare</a>.</p>
<p>Sure. I&#8217;ve posted targets on multiple time frames for QQQ: 60-minute, daily, &#038; weekly. The initial 5 targets were listed on the 60m chart with all 5 being hit but I also started listing targets on the daily &#038; weekly charts before or shortly after the first couple of 60m targets were hit.</p>
<p>For the past several weeks or more, I&#8217;ve turned my focus to the targets on the weekly chart &#038; here&#8217;s the last static (screenshot) weekly chart I posted on Jan 24th with all of my current long-term swing targets which are still valid at this time (although subject to revision or the addition of more downside targets, depending on how the charts develop going forward).</p>
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		<title>
		By: MichelMayer		</title>
		<link>https://rightsideofthechart.com/swing-trade-ideas-2-7-22/#comment-23206</link>

		<dc:creator><![CDATA[MichelMayer]]></dc:creator>
		<pubDate>Mon, 07 Feb 2022 20:38:16 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=207303#comment-23206</guid>

					<description><![CDATA[for educational purpose, would it be possible to you to explain a bear or bull flag, when it comes in place, how many days could it stay before going up or down and when it is rejected as a flag. Recently, you said qqq has a possible bear flag so it could be interesting to know about it. thanks in advance]]></description>
			<content:encoded><![CDATA[<p>for educational purpose, would it be possible to you to explain a bear or bull flag, when it comes in place, how many days could it stay before going up or down and when it is rejected as a flag. Recently, you said qqq has a possible bear flag so it could be interesting to know about it. thanks in advance</p>
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		<title>
		By: mSquare		</title>
		<link>https://rightsideofthechart.com/swing-trade-ideas-2-7-22/#comment-23205</link>

		<dc:creator><![CDATA[mSquare]]></dc:creator>
		<pubDate>Mon, 07 Feb 2022 19:24:12 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=207303#comment-23205</guid>

					<description><![CDATA[Randy,
Could you please post your QQQ chart with upside max resistance and &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;First Profit Target&#039;&gt;T1&lt;/abbr&gt;-thru T5s short entries. The chart in the video at full resolutions not quite as good as a chart that can expanded....]]></description>
			<content:encoded><![CDATA[<p>Randy,<br />
Could you please post your QQQ chart with upside max resistance and <abbr class='c2c-text-hover' title='First Profit Target'>T1</abbr>-thru T5s short entries. The chart in the video at full resolutions not quite as good as a chart that can expanded&#8230;.</p>
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