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 ?
Mukai said she carried the flag as a symbol of respect toward working women.
I understood that, too - and I always tell Rebecca Adlington and Chris Hoy they only did so well because I carried the flag for 400m round the track and it was so heavy I let them rest and get a good night's sleep before their races.
The athletes - all potential competitors for the London 2012 Olympics - carried the flag to the centre of the Plas where it was raised.