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 ?
The third, the Bandra- Jaipur Express, was flagged off after being extended to Delhi- Sarai Rohilla.
The 135km race will be open to all cyclists and residents of the UAE and will be flagged off at 7.
The minister, who flagged off the train with an Indian flag, said the visit of Modi holds a huge significance for the Indian diaspora living in the Australia and also for the Indo-Australian relationship.
On July 9, another consignment of 33 canters was flagged off by Guruji, comprising of independent kits of the daily need for households.
Riding Boreal, Hussain Al Nayef took the lead in this first-ever night race in Bahrain, which was flagged off last night by His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and the event patron.
Summary: The second edition of the Libyan maritime show, "LIMEX 2 009", was flagged off Tuesday at the International Fair of Tripoli, with by 75 local and international companies, specialising in industry, equipment, maintenance and maritime transport, in attendance.
Once the tyres are deflated and petrol tanks replenished with fuel from on-site tankers, participants will be flagged off.
Venues such as Dubai Festival City, Dubai Mall, Airport Expo Dubai, and Global Village witnessed packed houses as cultural events, fireworks, and an exclusive Eid raffle draw for prizes worth AED 3 million flagged off the first day of 'Eid in Dubai' organized by the DSF Office.
The Singapore Grand Prix, on September 28, will be flagged off an hour after nightfall at 8pm local time.
Everybody in that penalty box is active and should be flagged off side if that is the case.
Maharashtra Chief Minister Vilasrao Deshmukh, union civil aviation minister Praful Patel and state minister Chhagan Bhujbal flagged off the 'dream run' as part of the Standard Chartered Mumbai Marathon 2006 at Chhatrapati Shivaji Terminus.
9 billion Mahindra Group, today flagged off India s first all-electric car expedition christened 'Mahindra RevaGoodness Drive Kashmir to Kanyakumari'.