Flag

A technical charting pattern that looks like a flag with a mast on either side. Flags result from price fluctuations within a narrow range and mark a consolidation before the previous move resumes. Likewise, "pennant" formations are usually treated like flag formations because they are very similar in appearance, tend to show up at the same place in an existing trend, and have the same volume and measuring criteria.

Flag

Flags and pennants are among the most reliable of continuation patterns and only rarely produce a trend reversal. The only difference between the two patterns is that a flag resembles a parallelogram (or rectangle) marked by two parallel trend lines that tend to slope against the prevailing trend. The pennant, however, is identified by two converging trend lines and more horizontal which resembles a small symmetrical triangle. The important thing to remember is that they are both characterized by diminishing trade volume and though different, the measuring implications are the same for both patterns as demonstrated in the above illustration.


Investment dictionary. . 2012.

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  • Flag — Flag, n. [Cf. LG. & G. flagge, Sw. flagg, Dan. flag, D. vlag. See {Flag} to hang loose.] 1. That which flags or hangs down loosely. [1913 Webster] 2. A cloth usually bearing a device or devices and used to indicate nationality, party, etc., or to …   The Collaborative International Dictionary of English

  • Flag — Flag, v. t. [From {Flag} an ensign.] 1. To signal to with a flag or by waving the hand; as, to flag a train; also used with down; as, to flag down a cab. [1913 Webster] 2. To convey, as a message, by means of flag signals; as, to flag an order to …   The Collaborative International Dictionary of English

  • Flag — Flag, n. [From {Flag} to hang loose, to bend down.] (Bot.) An aquatic plant, with long, ensiform leaves, belonging to either of the genera {Iris} and {Acorus}. [1913 Webster] {Cooper s flag}, the cat tail ({Typha latifolia}), the long leaves of… …   The Collaborative International Dictionary of English

  • Flag — steht für: Flag (Informatik), ein Variablentyp mit eng begrenztem Wertesatz, oft nur 0/1 das Spielgerät beim Flag Football das englische Wort für Flagge oder auch Fahne Flag (Lichttechnik), eine Vorrichtung in der Fotografie und Filmproduktion,… …   Deutsch Wikipedia

  • Flag — (fl[a^]g), v. i. [imp. & p. p. {Flagged} (fl[a^]gd); p. pr. & vb. n. {Flagging} (fl[a^]g g[i^]ng).] [Cf. Icel. flaka to droop, hang loosely. Cf. {Flacker}, {Flag} an ensign.] 1. To hang loose without stiffness; to bend down, as flexible bodies;… …   The Collaborative International Dictionary of English

  • Flag — (fl[a^]g), v. t. 1. To let droop; to suffer to fall, or let fall, into feebleness; as, to flag the wings. prior. [1913 Webster] 2. To enervate; to exhaust the vigor or elasticity of. [1913 Webster] Nothing so flags the spirits. Echard. [1913… …   The Collaborative International Dictionary of English

  • Flag — Flag, n. [Icel. flaga, cf. Icel. flag spot where a turf has been cut out, and E. flake layer, scale. Cf. {Floe}.] 1. A flat stone used for paving. Woodward. [1913 Webster] 2. (Geol.) Any hard, evenly stratified sandstone, which splits into layers …   The Collaborative International Dictionary of English

  • FLAG — (Fiber Optic Link Around the Globe) ist ein 28.000 km langer Untersee Lichtwellenleiter, welcher England mit Japan und vielen dazwischenliegenden Ländern verbindet. Die Strecke zwischen Hong Kong und Pusan wurde 2006 von einem Erdbeben… …   Deutsch Wikipedia

  • Flag — Flag, v. t. To furnish or deck out with flags. [1913 Webster] …   The Collaborative International Dictionary of English

  • Flag — Flag, v. t. To lay with flags of flat stones. [1913 Webster] The sides and floor are all flagged with . . . marble. Sandys. [1913 Webster] …   The Collaborative International Dictionary of English

  • Flag — A flag is a piece of cloth, often flown from a pole or mast, generally used symbolically for signaling or identification. The term flag is also used to refer to the graphic design employed by a flag, or to its depiction in another medium.The… …   Wikipedia

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