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 ?
In all the argosy of your bright hair I dreamed Nothing so flagless as this piracy.
They have been unsatisfied by royal staff explanations that tradition calls for the palace to be flagless unless the queen is in residence.
Moreover, the odds being so strong against them, they will have to remain flagless for the foreseeable future.