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 classic literature ?
Frederick's flagging confidential whispers, and the clinking of plate and china, to interrupt the silence of the repast.
He was reading a book, and thinking of what he was reading, and stopping to listen to Agafea Mihalovna, who gossiped away without flagging, and yet with all that, all sorts of pictures of family life and work in the future rose disconnectedly before his imagination.
This magnificent indifference to placing his safety in peril for the second time, revived the flagging interest of the worshippers in the hero.