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 ?
England ace Matthew might get the headlines, competing only hours after carrying the flag into Celtic Park for Team England.
Derek Wilkes, 60, who fought in the Falklands, was found collapsed at his Birmingham home after carrying the flag at a parade.
But he didn't get much warning about carrying the flag four years later.
"You only get two or three chances to win this title and carrying the flag at the Games will be unforgettable."
But to be given the huge honour of carrying the flag for such a successful ParalympicsGB team is overwhelming.
Obviously carrying the flag was an experience I will never ever forget.'
Kate Howey admitted she was "chuffed to mintballs" after being handed the honour of carrying the flag for Great Britain at the opening ceremony of the Olympic Games tomorrow.