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Markets › Optimism › Bear flag

Crypto · chart pattern

Bear flag on Optimism

On Optimism the bear flag showed up 32 times. The target came first 41% of the time, the stop 53%, and 6% went nowhere within 12 candles.

Counted on Optimism (OP/USDT): daily candles from June 2022, 4-hour candles from June 2022 and hourly candles from June 2022.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1100%0%0%
4-hour825%75%0%
Hourly2343%48%9%

Optimism against the rest

ChartsFoundTarget firstStop firstWent nowhere
Optimism3241%53%6%
All Crypto charts1,31033%61%6%
Every market2,07134%60%6%

Year by year

YearFoundTarget firstStop first
2022650%33%
2023540%60%
2024633%67%
2025729%57%
2026850%50%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the bear flag is

A fast fall, a short calm pause, then price breaks down out of the pause.

Imagine sliding fast down a hill, stopping for a moment to catch your breath, then sliding again. A bear flag is like that: a fast fall called the pole, then a small, calm pause called the flag. When price breaks out of the bottom of the flag, the next slide may be starting.

The full bear flag lesson, video and quiz ›

Other patterns on Optimism

Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Volume profile bounce · Volume profile rejection · Doji · MACD bullish cross · MACD bearish cross · EMA 9/21 bearish cross · all of them

The bear flag elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot

Questions

How often does the bear flag work on Optimism?

In 32 cases on Optimism, the target (1.5 × ATR) came before the stop (1 × ATR) 41% of the time and the stop came first 53%; 6% went nowhere within 12 candles.

What is the bear flag?

A fast fall, a short calm pause, then price breaks down out of the pause.