| || InvestHub.com's |
Finance Dictionary and Glossary of Investment Terms
A technical analysis term referring to a chart pattern created when a steep rise (or fall) is followed by trading in a narrow price range, followed by a steep rise (or fall). Some technical analysts believe that if a rise (or fall) precedes the "flag" then a rise (or fall) is likely to follow it.
A technical charting pattern that looks like a flag with a mast on either side. Flags result from price fluctuations within a narrow range, they mark a consolidation before the previous move resumes.
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.