10 min chart – Brent – 13.03.2017

Just witnessed two consecutive flag patterns on Brent.

Each time, price went up when the upper resistance broke.

I have always been skeptical regarding technical analysis and I think those patterns are not reliable at all when taken alone.

Yet, in certain instance, like today, they prove useful. After I saw one I know it was interesting to trade on the second one when I noticed the same price action.