Which of the following statements is NOT true?
A) Flags are continuous patterns
B) The flag's pole has to be a continuation of a previous trend
C) A flag occurs when major trends are interrupted
D) Flags provide an unambiguous buy signal

Question

Quizplus · Accepted Answer

Flags do not provide an unambiguous buy signal; they are considered continuation patterns that suggest a potential continuation of the previous trend, but like all technical patterns, they require confirmation and are subject to false signals.

Which of the Following Statements Is NOT True