Continuation Beginner 66% reliable · Bulkowski

Bear Flag Pattern

Short-term bearish continuation that forms after a sharp decline. A brief, upward-drifting consolidation (the flag) precedes the continuation of the downtrend.

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Bear Flag OHLC sample. Highlighted box marks the pattern candles.

What's in the Bear Flag lesson

▸Annotated chart with the Bear Flag highlighted across the context candles.
▸Numbered identification rules covering body, shadows, color and position in trend.
▸The psychology of the formation: why buyers or sellers create this exact shape.
▸Practical tip on what to wait for before treating the pattern as a tradeable signal.
▸Quiz questions with explained answers, including this exact pattern.

Quick answers

Is the Bear Flag pattern reliable?

The Bear Flag has a 66% reliability rate per Bulkowski's encyclopedia, a statistical baseline. Confirmation candles and volume strengthen the read. The Candle Trader app has the full formation rules and a quiz.

What timeframes does the Bear Flag work on?

Candlestick patterns work on any timeframe, from scalping (M1-M5) through day trading (M15-H1) to swing trading (H4-W1) and long-term investing. The shorter the timeframe, the more false signals. Always check higher timeframes for context.