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 ?
Winn and the other Marines carried the flag onto the field in front of the screaming masses, where Winn got a reaction similar to his cold-weather training.
Mukai, 46, who is also the first Japanese to travel to space twice, told Labor Minister Akira Amari, ''I traveled with this flag, which represents the grace and strength of Japanese women, during my nine days in space.'' Mukai said she carried the flag as a symbol of respect toward working women.
I understood that, too - and I always tell Rebecca Adlington and Chris Hoy they only did so well because I carried the flag for 400m round the track and it was so heavy I let them rest and get a good night's sleep before their races.