What is FLAG pattern?

In the world of technical analysis, a flag pattern is a technical analysis pattern that describes the price movement in a stock or other financial instrument.

The flag pattern consists of a small rise followed by a long period of consolidation or trading range, resulting in a triangular or rectangle shape on the chart. It is considered a continuation pattern, which means that it indicates the direction of the current trend, rather than a reversal pattern, which indicates a change in direction. The flag pattern is typically followed by a continuation of the current trend.

Traders often use the flag pattern to confirm the current trend and make buy or sell decisions accordingly.

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