Market Industrials (^DJI): Transports (^DJT): Utilities (^DJU): Nasdaq (^IXIC): S&P500 (^GSPC): |
As of 10/30/2018 24,875 431.72 1.8% 10,176 279.46 2.8% 743 2.34 0.3% 7,162 81.36 1.1% 2,683 41.38 1.6% |
YTD 0.6% -4.1% 2.7% 3.7% 0.3% |
24,000 or 26,100 by 11/15/2018
9,800 or 11,000 by 11/15/2018
775 or 700 by 11/15/2018
6,900 or 7,700 by 11/15/2018
2,575 or 2,825 by 11/15/2018
|
Written by and copyright © 2005-2018 by Thomas N. Bulkowski. All rights reserved. Disclaimer: You alone are responsible for your investment decisions.
See Privacy/Disclaimer for more information. Some pattern names are the registered trademarks of their respective owners.
Statistics updated 10/30/2018.
For more information on this pattern, read
Encyclopedia of Chart Patterns Second Edition,
pictured on the right, pages 350 to 361.
If you click on this link and then buy the book (or anything) at Amazon.com, the referral will help support this site. Thanks. — Tom Bulkowski
$ $ $
High and Tight Flag Identification Guidelines
Characteristic | Discussion |
Price trend | Upward leading to the flag. Price must rise at least 90% (shoot for a double) in 2 months or less. |
Shape | A consolidation pattern forms after price doubles. It usually doesn’t look like a flag or pennant, just a pause in the price rise. |
Volume | Recedes for best performance |
Confirmation | The pattern confirms as valid when price closes above the highest peak in the pattern, which is usually the flagpole top. |
High and Tight Flag Trading Tips
|
The Measure Rule Tight v. Loose |
High and Tight Flag Example
The above figure shows an example of a high and tight flag chart pattern. Price begins the rise in October at 9.36
and rises to 17.80, a climb of 90% in less than 2 months. Then price moves sideways, forming an ascending triangle.
When the breakout occurs, it confirms the high and tight flag chart pattern as a valid one and price resumes the up
trend. Price tops out at 23.72 less than 2 months later, a rise of 33%.
— Thomas Bulkowski
Other High and Tight Flag Examples
Written by and copyright © 2005-2018 by Thomas N. Bulkowski. All rights reserved. Disclaimer: You alone are responsible for your investment decisions.
See Privacy/Disclaimer for more information. Some pattern names are the registered trademarks of their respective owners.
24 hours in a day; 24 beers in a case. Coincidence?
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