Flag_and_pennant_patterns
Flag and pennant patterns
Financial chart patterns
The flag and pennant patterns are commonly found patterns in the price charts of financially traded assets (stocks, bonds, futures, etc.).[1] The patterns are characterized by a clear direction of the price trend, followed by a consolidation and rangebound movement, which is then followed by a resumption of the trend.[2] They are continuation patterns and form when the asset prices rally or fall sharply.[2]