Flag

(redirected from carried the flag)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.

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 ?
Scots swimmer Maggi McEleny celebrated her proudest moment when she carried the flag for the British team.
She follows in the illustrious footsteps of triple-gold medal rower Matthew Pinsent who carried the flag in Sydney in 2000, and becomes the first woman since three-day eventer Lucinda Prior-Palmer who shared the honour with Sebastian Coe in Los Angeles in 1984.
California's alternative rocker Beck carried the flag for the United States by being voted best international male solo artist.