Bear Flag Quotes

“I will look to short into low-volume moves up to the top of the bear flag's price channel once I can determine a reliable high in the pattern.”
― Gil Morales, Short-Selling with the O'Neil Disciples: Turn to the Dark Side of Trading

“The action of a wedging rally or a bear flag occurs after a prior price breakdown, and the two formations are really just different versions of the same phenomenon. The difference is that a wedging rally following a prior price break or downtrend occurs as a stock bounces while a bear flag occurs when there is not a significant bounce and the stock just moves sideways. In both cases, the stock is consolidating the prior downside move.”
― Gil Morales, Short-Selling with the O'Neil Disciples: Turn to the Dark Side of Trading