The FLAG pattern is a very common and profitable chart
pattern. The way it is created is by a
sharp rise in prices (which make up the “mast” or “flag pole”) followed by a
tight and usually downward sloping price channel that resembles the “flag”. This pattern is common in all time frames—weekly,
daily, intraday—and is equally meaningful in each. Learning this pattern and how to play it will greatly improve your results.