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 ?
Local owner Tan Kim Leng showed an instant profit on Carry The Flag.
Carry The Flag also made his latest appearance in Italy, when second to Clapham Common in the Gran Premio d'Italia.
They should definitely be allowed to carry the flag, and be proud of where they are from.
Fernando Jovine had sent the favourite past Apollo Wells early in the straight and he was soon in command, though Carry The Flag did his best to challenge from three out.
It's an honour to carry the flag for anyone and everybody on the team is worthy of carrying the flag.
To be chosen by your fellow team members to carry the flag is a big honor,'' he said.
There was one athlete that I had huge sympathy for and that was the young girl selected to be the flag bearer because, after going through the selection process (and winning the team vote), it turned out that the weather was too bad, the lightning just too close, and she wasn't allowed to carry the flag.
Baumgartner chosen: Bruce Baumgartner, a two-time Olympic gold-medalist in freestyle wrestling, was chosen to carry the flag at the head of the U.
For each 30-mile leg of the journey Eddie, 47, will carry the flag of the home nation.
She guessed only five or six athletes will compete, which means there's a chance she could carry the flag in opening ceremonies.
Griffin will carry the flag in front of the equestrian team, who have been chosen by the Olympic Council of Ireland to head the Irish procession.
Eight will be chosen to carry the flag of Wales, while another eight will represent France before the two sides walk out to the deafening roar of the crowd.