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 ?
I was waving the flags as the rivals entered the pitch and it was interesting to see how focused they were on the game - they were completely zoned out from the normal world and just stared straight ahead, probably not even hearing the noise from the crowd.
We spent seven to nine minutes waving the flags, and our faces were looking at them," the grandmother, who was shot twice, was quoted as saying.
They will be waving the flags for Scotland, then Italy to beat England in their crucial World Cup tie three hours later in Rome.
Television images showed fans of the second-division club Talleres waving the flags ahead of the team's match Thursday against rival Gimnasia de Jujuy in the central city of Cordoba.