Flags

From Reuters Financial Glossary

Synonym: Pennants

These price patterns, used in technical analysis, represent brief pauses after a sharp advance or decline that has gone ahead of itself. The market trades in a tight range for a while before running off in the direction of the main trend. Flags and pennants are among the most reliable continuation patterns in technical analysis and rarely produce a trend reversal.

See also: Technical Analysis

Retrieved from "http://glossary.reuters.com/index.php/Flags"
Views
Personal tools