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 ?
Adityanath and Union Home Minister Rajnath Singh flagged off the metro's maiden run on a 8.
Science and technology minister Prithviraj Chavan flagged off the expedition to kick off the international celebrations of the centenary of the first man to reach the South Pole in 1911.
19 ( ANI ) : Prime Minister Narendra Modi flagged off a new express train from Mysuru railway station on Monday.
THE Federal Capital Territory (FCT) Minster, Malam Muhammad Musa Bello, on Monday, flagged off the construction of the Apo-Wasa dual carriageways.
Summary: Race will be flagged off at 3pm on Friday at Mina Seyahi
There was no official word from the government over the commencement of sea trial which was reportedly flagged off by Defence Minister Manohar Parrikar, who flew to Vishakhapatnam from Goa to join the team of experts led by Defence Research and Development Organisation (DRDO) chief Avinash Chander.
Melbourne: "Modi Express", a special train carrying over 220 passengers who will attend Prime Minister Narendra Modi's first public lecture in Sydney, was flagged off Sunday by an Australian minister here.
Oil and Natural Gas Corp (ONGC) flagged off its latest offshore supply vessel (OSV), a step that will strengthen the state-owned exploration giant's operational infrastructure.
The CarWale Vintage Wheels 2011 drive was flagged off from Inorbit Mall, Vashi by Javed Ahmed, Police Commissioner, Navi Mumbai.
The UAE leg of the walkathon is scheduled for next Friday and will be flagged off from Oasis Centre, Dubai.
30 -- The second passenger vessel manufactured by the Colombo Dockyard was recently flagged off.