Checklist

1. Big green candles during uptrend
2. Narrow candles with upper and lower tails during flag (consolidation)
3. Lower volume during flag (consolidation)
4. Pullback not more than 25% of prior move up
5. Price ideally above 20 EMA
6. Sector performance
7. Broader market environment
8. ChartMill Industry Strength Score
9. ChartMill Industry Growth Score
10. Entry
    • Daily Chart
      • High volume and high volatility candle
      • No long upper wicks
      • Closes above resistance

VWAP

https://www.chartmill.com/documentation/stock-screener/technical-analysis-trading-strategies/273-A-Practical-Trading-Guide-for-the-Bull-Flag-Pattern

Position Size Calculator: https://www.chartmill.com/documentation/howto/tools/436-Position-size-calculator

https://www.chartmill.com/documentation/howto/tools/436-Position-size-calculator

Checklist

1. Consolidation
   • Red candles low volume?
   • Small candles?
   • Pullback not more than 25% of prior move up?
   • Ideally stays above 20 EMA
2. Entry
   • High volume green candle?
   • High volatility (big candle)?
   • No long upper wicks
   • Not chasing extended breakout?
   • Position size
   • Risk to reward ratio
   • Sector performance (week and month)?
   • Broader market environment (market hot, market cold)?
     • Check SPY
3. Retest
   • Break above resistance
   • Pull back to that level
   • Holds it as support
   • Prints a bullish candle
4. Exit
   • Profit target

ChartMill Article

1. Big green candles during uptrend (momentum)
2. Narrow candles with upper and lower tails during flag
3. Lower volume during consolidation (flag)
4. As a swing trader, the actual entry setup is on the daily chart