Profitable Price patterns can be spotted in the Forex Markets as well as commodity markets. "The Bear Flag"
which is seen here is a small number of price bars in which the shape of price bar highs and lows are parallel and inclining. Bear flags are identified by their characteristic pattern and by the context of the prior Forex trend. The Forex trend leading to the formation of a Bear Flag is down. To trade this Forex formation buy and sell orders are placed on the break down and break up of the flag, leaving an unfilled order as the stop loss.
