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 ?
Inside, reading the newly issued ticket, the driver asks his passenger incredulously, "Flagless in a patriotic zone?" In a third cartoon, an elegantly dressed woman hands a pile of expensive dresses, a fur coat, and her credit card to a sales clerk and says, "This isn't for me--it's for the economy."
They have opened a new path out of the old: the nonviolent politicization of grief, the flagless topography of shared suffering.
its flagless flagpole and empty birdhouse-on-a-post