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 ?
He tweeted: "Toni flagged down a passing police car, told them taxi was too expensive and would they give him a lift!!!
One taxi driver was flagged down on Swan Lane, Hillfields, at around 2.30am.
The thieves had deliberately chosen a road where police often carry out routine checks, so the driver thought nothing of it when he was flagged down, police said.
Officers said they were flagged down by the couple around 1 a.m.
They were arrested after the 36-year-old unwittingly flagged down an unmarked police car at 1am and offered the occupants booze and women, in exchange for cash.
When they realised it was a body they flagged down a cyclist and the emergency services were called.
A GROUP of paramedics flagged down a lift from an ambulance after their Christmas party, it was revealed yesterday
With a spooky flashback to his strange dream, he flagged down a lorry driver to tell him to slow down.
The unaware motorist continued driving, dragging the woman until being flagged down by a person on the south side of Kew Bridge.
New Jersey, Sheriff's Office was flagged down by a restaurant employee who advised him of a man choking inside.
The 59-year-old victim, who has learning difficulties, was found beside the A49 at Prees Green, near Whitchurch, Shropshire, where he flagged down a passing police car at 5am on Saturday.
Two were arrested in Valenzuela City for allegedly trying to bribe a policeman with P500 after he flagged down their motorcycle in a police checkpoint.