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 ?
Even in Beijing, standing on the blocks I was telling myself I could win, but carrying the flag was my Olympics highlight, walking down the tunnel, coming on to the track with the rest of the team behind me, hearing the roar, the cheers.
But he didn't get much warning about carrying the flag four years later.
SIR CHRIS HOY beamed with pride at the Celtic Manor Resort yesterday as he savoured being handed the honour of carrying the flag for Great Britain at the opening ceremony of the London Games on Friday.
You only get two or three chances to win this title and carrying the flag at the Games will be unforgettable.
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.
Ralph just loved the color guard - loved carrying the flag in a parade, and giving a fallen comrade a 21-gun salute,'' Graves said.
Keith Willans, Stockport IC says: Well, he is carrying the flag as far as the Centre Court crowd are concerned, but there are plenty elsewhere who have a different view.