POLLEN+CRYPTO+BOOK

FLAG
Like the pennant, the pattern of the flag is based on the
consolidation of the market price of a particular stock.
Consolidation will have a narrow range and will occur right after a
rapid upward movement. Like the pennant, this model has a
“pole” flag, which can represent a vertical price fluctuation. These
fluctuations can be bearish and bullish, and if you know how to
spot these patterns it can give an investor a great advantage.
If you think you have spotted a flag to trade, the most important
factor is the rapid and steep price trend. If the price action slowly
rises and falls below the flag, then you had better look elsewhere.