Morning all.@Cash-FlowI should really offer you a more...

Morning all.
@Cash-Flow
I should really offer you a more respectful response incase you thought I was offended.
I wasn't.
This was a little bit of "Tongue in Cheek" or more a bit of joking.
Quite some time ago, @SethDavis made a reference in a loose term which is what I quoted,
"one of those flaggy things".
It really had no fixed meaning to a specific pattern.
I do however Find it bullish no matter what anyone chooses to call it.
Here are a few examples.

I could call this an upward sloping channel and I would consider that bullish, more so if it breaks above that channel.



Here I could call this a pennant, yet referred to as a High and Tight flag by Jason Shapiro.
I also have respect for this guy because of his success rate and "go it alone" attitude.
Also very bullish chart pattern but I would call it a pennant because I understand a High and Tight as something completely different.



Here is another example of a chart read.
This could be called a double pennant which I would also consider bullish.
The second touch of that bottom trend line was the CR ann day and then it bounced.
I could also consider the bull spread on all those moving averages, also again a bullish sign.



If I consider the top chart which I think is the most relevant here, then I have to expect it to retrace a little, especially after yesterdays performance.
I had better be careful with that assumption because it could break right through that top line.

Just some musings here and take it with a grain.
It is worth researching the High and Tight flag however.
One more thing to add, I consider a break above 43.5c as a break from the channel.


Kind regards, Wack