{"id":7370,"date":"2010-09-29T16:44:27","date_gmt":"2010-09-29T20:44:27","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=7370"},"modified":"2023-08-02T17:01:14","modified_gmt":"2023-08-02T21:01:14","slug":"traders-ask-how-do-i-trade-a-bearish-flag-pattern","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/traders-ask-how-do-i-trade-a-bearish-flag-pattern","title":{"rendered":"Traders Ask- How Do I Trade a Bearish Flag Pattern?"},"content":{"rendered":"<p>Hi Mike.<\/p>\n<p>Yesterday in you webinar you showed us a chart on Toyota that dropped nicely on bad news.<\/p>\n<p>After that initial drop the stock began a sideways move.<\/p>\n<p>The question is: \u00a0Do you continue to trade that stock during the day even though its going kind of sideways, or do you wait for it to brake the lows or S\/R again?<\/p>\n<p>Do you continue to read that stock and trade of intraday levels and volume levels being created during the day, or do you wait for bigger picture setups before you step in and read the action closer?<\/p>\n<p>I guess this is personal from trader to trader, but do you use som kind of guidelines regards to this?<\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/09\/bearish-flag-pattern.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-7373\" title=\"bearish flag pattern\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/09\/bearish-flag-pattern.png\" alt=\"\" width=\"301\" height=\"251\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/09\/bearish-flag-pattern.png 301w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/09\/bearish-flag-pattern-300x250.png 300w\" sizes=\"auto, (max-width: 301px) 100vw, 301px\" \/><\/a><\/p>\n<p><strong>Bella Responds<\/strong><\/p>\n<p>We call the trade that you have described a bearish flag pattern technical trade. \u00a0In the TM trade you referenced 75 was an important technical level, and then broke. \u00a0When a stock breaks an important technical level, trades lower and then trades sideways, we stay short. \u00a0We will add when the stocks breaks to the downside again (see example above). \u00a0This is a Trade2Hold high probability technical trade awesome for all traders to master. \u00a0We encourage our traders to place A trade risk, their max intraday risk, for such setups.<\/p>\n<p>Mike Bellafiore<\/p>\n<p>Author, <a href=\"http:\/\/amzn.to\/9CdxsT\">One Good Trade<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hi Mike. Yesterday in you webinar you showed us a chart on Toyota that dropped nicely on bad news. After that initial drop the stock began a sideways move. The question is: \u00a0Do you continue to trade that stock during the day even though its going kind of sideways, or do you wait for it to brake the lows or &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/traders-ask-how-do-i-trade-a-bearish-flag-pattern\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":7373,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,908],"tags":[1418,4674,18,1193,653,1354,1349],"class_list":["post-7370","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mike-bellafiore-bellas-blogs","category-traders-ask","tag-bearish-flag-pattern","tag-one-good-trade","tag-smb-capital","tag-trader-education","tag-trader-training","tag-trading-coach","tag-trading-mentor"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Traders Ask- How Do I Trade a Bearish Flag Pattern? | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/traders-ask-how-do-i-trade-a-bearish-flag-pattern\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Traders Ask- How Do I Trade a Bearish Flag Pattern? | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Hi Mike. Yesterday in you webinar you showed us a chart on Toyota that dropped nicely on bad news. After that initial drop the stock began a sideways move. The question is: \u00a0Do you continue to trade that stock during the day even though its going kind of sideways, or do you wait for it to brake the lows or ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/traders-ask-how-do-i-trade-a-bearish-flag-pattern\" \/>\n<meta property=\"og:site_name\" content=\"SMB Training Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/smbcap\/\" \/>\n<meta property=\"article:published_time\" content=\"2010-09-29T20:44:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-02T21:01:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/09\/bearish-flag-pattern.png\" \/>\n\t<meta property=\"og:image:width\" content=\"301\" \/>\n\t<meta property=\"og:image:height\" content=\"251\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Bella\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:site\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bella\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/traders-ask-how-do-i-trade-a-bearish-flag-pattern#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/traders-ask-how-do-i-trade-a-bearish-flag-pattern\"},\"author\":{\"name\":\"Bella\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161\"},\"headline\":\"Traders Ask- How Do I Trade a Bearish Flag Pattern?\",\"datePublished\":\"2010-09-29T20:44:27+00:00\",\"dateModified\":\"2023-08-02T21:01:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/traders-ask-how-do-i-trade-a-bearish-flag-pattern\"},\"wordCount\":228,\"commentCount\":7,\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/traders-ask-how-do-i-trade-a-bearish-flag-pattern#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/09\/bearish-flag-pattern.png\",\"keywords\":[\"bearish flag pattern\",\"One Good Trade\",\"smb capital\",\"trader education\",\"trader training\",\"trading coach\",\"trading mentor\"],\"articleSection\":[\"Mike Bellafiore's (Bella's) Blogs\",\"Traders Ask\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/traders-ask-how-do-i-trade-a-bearish-flag-pattern#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/traders-ask-how-do-i-trade-a-bearish-flag-pattern\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/traders-ask-how-do-i-trade-a-bearish-flag-pattern\",\"name\":\"Traders Ask- How Do I Trade a Bearish Flag Pattern? 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