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00:00Next one would be the bull flag the same thing same concept same application as the bear flag
00:06But the only thing it's on the opposite end
00:09How do you identify a bull flag number one it must you must be able to observe a bullish trend running number two
00:16you have to observe a
00:18Pullback a steady pullback forming a channel the channel will form a nice and easy
00:24Back and then after that it has to break out from that channel once the breakout happens
00:29That is where you enter your trade. Let's get into the charts and see
00:34Where we can find a bull flag nice and easy
00:42Same old same old we are on us-30 or Dow Jones
00:46We just have to look out for a bullish trend to happen
00:49And then number two, we have to look out for a steady pullback
00:54Inside a parallel channel we can identify this that a steady pullback has happened
01:01so let's pull out the parallel tool and see if this really takes place a bullish sentiment followed by a
01:09Steady pullback within the channel
01:11I'm gonna zoom in into the 15 minutes time chart so that we can identify a clean breakout
01:16That would have been a safer entry another clean candle out
01:23Where can we TP we do the pole again from the bottom of the trend to the top of the channel?
01:28And then we move the pole into the top part of the channel from our entry point
01:34That would be our TP our stop-loss would be the previous low there
01:38We go about 1 is to 1.2 1.5 trade and we see how the trade goes
01:45There we go another TP hit
01:48So that is how a bullish flag is done
01:50Same old same old bullish trend one hour
01:54Steady pullback on a parallel to wait for the breakout enter on a clean candle out from the channel
02:00Measure the pole take your profit from there. That's it. It's an easy easy trades. We're done nice and easy