All patterns
Nova-73 › BTCUSD (Bitcoin / US Dollar) · 4h
Bear Flag
FormingBearish
Quality26%
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This pattern's track record
On the 4h chart
28%
Target reached after breakout
- Breakout rate
- 50%
- Reached half the target
- 53%
- Average time to target
- 7.4 days
- Cases
- 46 resolved cases
All timeframes
23%
Target reached after breakout
- Breakout rate
- 53%
- Reached half the target
- 38%
- Average time to target
- 8.4 days
- Cases
- 174 resolved cases
What is this pattern?
A strong decline forms the pole; price then bounces in a tight, slightly rising channel. A close below the channel targets the pole length lower.
A close above the flag high invalidates the pattern.
This is not investment advice. Patterns describe probabilities; the same pattern can resolve differently. Levels use classic technical-analysis measuring rules.