Flag

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Flag

A pattern reflecting price fluctuations within a narrow range, generating a rectangular area on a graph both prior to and after sharp rises or declines.

Flag

In technical analysis, a situation on a chart in which a security's price undergoes a steep rise or fall, then trades within a narrow price range. When a steep rise proceeds the narrow trading, it looks somewhat like a flag raised on a pole. Many analysts believe that when a flag occurs, the narrow trading is only temporary and will soon be followed by another steep rise or fall. That is, a rise will follow a rise and a fall will follow a fall.

flag

See triangle.
References in periodicals archive ?
Even good UK songs struggle these days - Flying The Flag is as far from a good song as The Frog Chorus.
Neighbours who have never had an argument about noise, hedges or cats crapping in the pond suddenly fall out over flying the flag - said to have a negative impact on property prices.
Flying the flag for Britain is Sade with two nods and Taio Cruz with one.
IN RESPONSE to R D Williams (Not Flying the Flag - June 11).
As 24 countries prepare to battle it out in Helsinki, Scooch's song Flying The Flag (For You) is a 28-1 outsider, according to Ladbrokes.
WIRRAL Council will be flying the flag of St George outside official buildings during the World Cup.
LOVELY Laura Kane, 22, is flying the flag for Scotland in the finals of FHM's High Street Honey 2005.
Are they going to prosecute the half a million fans who were flying the flag when the cup came home?
Far from being dangerous, drivers who are flying the flag for England at Euro 2004 are enhancing safety and helping reduce road rage, according to one leading motoring organisation.
Airline tycoon Richard Branson stepped up his bitter war with British Airways last night - by flying the flag they've ditched.
Not once since these men began conducting ceremonies 13 years ago to honor each deceased servicemen and women for a 24-hour period by flying the flag in their honor has anyone in the neighborhood ever complained about the noise or the memorial.
FOOTBALL fan Andy Munro is flying the flag for England's veterans when he leads a team in the Masters World Cup.