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.
Summary: Ben Ainslie will be carrying the flag for Team GB when they parade at the closing ceremony.
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.
But to be given the huge honour of carrying the flag for such a successful ParalympicsGB team is overwhelming.
When I think back to seeing Chris Hoy carrying the flag in London, and how emotional he was, it showed how much it means to be leading out everybody on the team.
England ace Matthew might get the headlines, competing only hours after carrying the flag into Celtic Park for Team England.
Of new man Slade, the former Stoke boss said: "Russell is carrying the flag for the football club and for the city - he's not just carrying the flag for himself.