The consolidation phase of a flag pattern can consist of a horizontal range or a weak counter-trend channel enclosed by parallel trend lines. Schematic diagram of a bear flag chart pattern.

The euro-yen pair is forming a major bearish reversal pattern, based on the daily chart, Oanda’s Kelvin Wong says in an email. Its swing highs of Nov. 16, 2023, July 11, 2024, and Oct. 31, 2024, have ...

Back in January, despite strong rise, crude oil has seen limited upside and fully reversed the path. This is partly due to ...