Flag

(redirected from waving the flag)
Also found in: Dictionary, Thesaurus, Medical, Legal, Idioms, 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 ?
Parish clerk Virginia Nield said: "We are not waving the flag to say we don't want GM crops, we are waving the flag to say we cannot jeopardise Ryton Organic Gardens.
As Roeper noted, patriotism "goes a lot deeper than just waving the flag, and the movies have always reflected this.
model Giselle Buendchen, former girlfriend of Leonardo di Caprio, will be waving the flag at this year's Brazilian Grand Prix - and will aim to make a better job of it than Pele last year.