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Markets › Optimism › Bull flag

Crypto · chart pattern

Bull flag on Optimism

On Optimism the bull flag showed up 33 times. The target came first 39% of the time, the stop 55%, 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
Daily10%100%0%
4-hour617%83%0%
Hourly2646%46%8%

Optimism against the rest

ChartsFoundTarget firstStop firstWent nowhere
Optimism3339%55%6%
All Crypto charts1,30338%57%5%
Every market2,45839%56%6%

Year by year

YearFoundTarget firstStop first
2022540%60%
2023729%43%
20241060%40%
2025425%75%
2026729%71%

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 bull flag is

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

Imagine a runner who sprints fast, stops for a short breather, then sprints again. A bull flag is like that: a fast rise called the pole, then a small, calm pause called the flag. When price breaks out of the top of the flag, the next sprint may be starting.

The full bull 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 bull flag elsewhere

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

Questions

How often does the bull flag work on Optimism?

In 33 cases on Optimism, the target (1.5 × ATR) came before the stop (1 × ATR) 39% of the time and the stop came first 55%; 6% went nowhere within 12 candles.

What is the bull flag?

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