DislikedQ) when do you decide it is no longer a flag but possibly a Channel? 5 Bars? 10, 15, 40?
Just asking...Ignored
I don't focus on the amount of bars, I do take note of the amount of retracement it does of the prior move. Obviously the smaller the better. Above 50% and I regard it as much less probable, but still not out of the question. It also depends on the pair. Geppy for example throws out 78.6% continuation flags quite often.