Flag and pennant (chart analysis)

An image of a sample chart of a bearish flag

An image of a sample chart of a bullish flag

Bullish pennants in the example chart.

Flag and pennant (English: "Flag" and "pennant") are terms used in chart analysis .

Flags

A bear flag can be seen as an upwardly directed parallelogram in the charts . They usually mark a short-term upward trend until a paper loses value again.

A bull flag is a downward-pointing parallelogram that indicates a short-term decline in value of the paper.

A neutral flag (also range or sideways phase) is a horizontal parallelogram. It can occur in a downward and upward trend and mostly characterizes a consolidation phase.

pennant

Pennants (also called triangles) behave similarly to flags, only they taper further in the later course of the course before the course rises or falls again.

Web links

• Chartanalysen-Square - Articles about different formations of chart analysis
• Stock exchange lexicon - entry about the bear flag
• Stock exchange lexicon - entry on the bull flag

Individual evidence

1. ↑ Sideways phase (range or neutral flag) on scalp-trading.com