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 ?
Other towns have been slower to catch on but Machynlleth, home of Glyndwr's parliament, has been flying the flag since July.
He is impatient with critics and skeptics generally, not just the ones who cringe at the idea of flying the flag, and he cannot bring himself to acknowledge that the United States has ever been anything but a force for good.
It would ensure that "the rules of etiquette for flying the flag of the United States do not preclude the flying of flags at half mast when ordered by city and local officials." At press time, it had no cosponsors and had been referred to the House Committee on the Judiciary.
Instead, ships serving the region's trade lanes-and the world's ocean routes-are flying the flags of Panama, Honduras, even Belize.
Many of us believe that flying the flag is a perfectly appropriate way to remember the service of Confederate soldiers, who served honorably and who deserve to be commemorated.
He was part of the band Scooch - which came 23rd out of 24 with Flying the Flag (For You).
Former Army medic and club member Alan Dugmore said: "When a soldier dies, we want to show our respect by flying the flag at halfmast.
Kirkby-born Aiden was the youngest to be awarded a Michelin Star, and has been flying the flag for Merseyside in the BBC's Great British Menu.
Ms Singh complains that she feels inhibited from flying the flag of St George because it offends some people (she neglects to inform us as to who exactly is the disgruntled party here).
And the song played permanently on Beelzebub's jukebox will be Scooch's Flying The Flag. The best way to listen to Scooch, if you have to, is after a bottle of Scotch.
I don't think any Scots are upset at England flying the flag of St George.
The RAC Foundation believes that flying the flag can enhance road safety by giving drivers a sense of pride in themselves, their vehicle and the country they support - be that England, Argentina or Ghana.