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Flag

Shaped like a flagpole with a pennant, this formation is characterized by an upward movement with a large slope followed by a period of consolidation. It is considered a bullish pattern overall, as the pattern is expected to continue rising.

Example of an ascending "flag"

Example of a descending "flag"

Topics related to Flag>:

Andrew's pitchforks Diamond Double Bottom Double Top Fibonacci Arcs Fibonacci Fans Fibonacci Retracements Fibonacci Spiral Fibonacci Studies Fibonacci Time Goals Fibonacci Time Zones Fibonacci phi-Channel Head and Shoulders Pennon Speed Resistance Lines Triangle Triple Bottom Triple Top Wedge

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