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 ?
The minister, who flagged off the train with an Indian flag, said the visit of Modi holds a huge significance for the Indian diaspora living in the Australia and also for the Indo-Australian relationship.
The team was flagged off from New Delhi by Lt Gen KK Aggarwal, DG EME on 15 Nov 2018 at 0800 hrs from Rajpath.
"External Affairs Minister Sushma Swaraj and Foreign Minister of Afghanistan Salahuddin Rabbani, through a joint video conference, flagged off the first shipment of wheat from India to Afghanistan that would be transhipped through the Chabahar port in Iran,"the External Affairs Ministry said in a statement.
Lucknow: Uttar Pradesh Chief Minister Yogi Adityanath and his predecessor Akhilesh Yadav yesterday engaged in a Twitter war to claim credit for Lucknow Metro, the maiden run of which was flagged off today.
`LJ Johnson' was flagged off from Nhava Sheva, about 50km from Mumbai, where the nation's largest oil explorer has its main base, by ONGC Chairman and Managing Director Sudhir Vasudeva.
Summary: ABU DHABI -- Minister of Labour Saqar Ghobash flagged off on Tuesday a Mobile Care Unit for workers.
The commanding officer of Fire and Fury Corps, Lieutenant General YK Joshi, who had flagged off the expedition from Leh, also congratulated the team on their achievement and complimented them for making the Indian Army and the nation proud.
The Anambra State government has flagged off round 1 routine immunisation to prevent the outbreak of meningitis and other killer diseases among children in the state.
New Delhi: Minister of State for Railways Manoj Sinha flagged off the 16-coach Buxar-Varanasi MEMU train.
The medicine, flagged off from Kemsa stores in Embakasi, was disbursed to Pumwani, Mbagathi, and Mama Lucy hospitals.
The authority Thursday went for a "plan B" after opting to erect a temporary bailey bridge, which is commonly used by the military, to ensure passage of Turkana oil on trucks, which will be flagged off Sunday by President Uhuru Kenyatta.