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MGL
MGL forming flag
A flag pattern is a type of chart continuation pattern that shows candlesticks contained in a small parallelogram. It is an area of consolidation which shows a counter-trend move that follows after a sharp price movement. The pattern consists of between five to twenty candlesticks.
A flag pattern is a type of chart continuation pattern that shows candlesticks contained in a small parallelogram. It is an area of consolidation which shows a counter-trend move that follows after a sharp price movement. The pattern consists of between five to twenty candlesticks.
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