This screen finds bear flag patterns. A bear flag is a consolidation after a strong move down. The downtrend may continue when the stocks moves out of the consolidation zone.
A collection of screens to find good short trading candidates.
A bull flag pattern is a continuation pattern and they frequently occur in stocks that are in a strong uptrend. Because the strong uptrend is almost vertical, it resembles a pole. The sideways price movement that follows has similarities to a flag, hence the name bullish flag formation.
Bear Flags and Pennants are powerful chart patterns in technical analysis. The are called 'continuation patterns' as the flag embeds prices that are consolidating in a range after a strong move down.
In this video I am going to share with you 5 different short screening ideas which will help you to find the best short trading setups.
This filters for the bear flag pattern.
This filters for a minimum average daily volume of 500K to ensure liquidity.
The Flag pattern is shown on the charts.
Run this screen in your favorite region. You can always further fine tune the screen by changing the general settings after it opened in the screener.