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FLAG LIMIT in Trading Systems_68922e7c602bf

FLAG LIMIT

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Torroco

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The limit flag is a technique that puts forward the correction area after the break of the nearest support and resistance, we mark the area with a box as supply or demand, the confirmation is if the price returns to the area we marked as the limit flag.



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#1 - June 29, 2021, 10:14:35 AM
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« Last Edit: August 04, 2024, 03:52:38 PM by Admin »

Ikhtiar

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The limit flag concept essentially emphasizes the importance of waiting for the price to return to the correction area after breaking through the nearest support or resistance level. This technique is quite relevant in the price action approach because it not only looks for breakouts as entry signals but also utilizes retesting to confirm the validity of the formed structure.
#2 - January 11, 2026, 11:42:04 PM
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