| Chart Pro online |
| Recently used |
| Forex |
| Indices |
Flags and pennats
Flag is pattern which looks like a parallelogram and it is constructed using two parallel trend lines. In the upward trend flag is oriented downwards, while in the downward trend is oriented upwards.
Flags and pennants are patterns that appear relatively frequently. They represent a short break in existing trend.
Pennant is almost the same figure as the wedge, but it applies to much shorter time period.
Flag